Document title: Money Market Operations as on June 19, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/506
Date: June 22, 2026
Policy Rates and Liquidity
The RBI conducted a repo operation on Friday, 19 June 2026 for a three‑day tenor, injecting ₹16,750.00 crore at a rate of 5.26%. The Marginal Standing Facility (MSF) was utilised on 19 June for tenors of one and two days, absorbing ₹286.00 crore at 5.50% and ₹0.00 crore respectively, and again on 19 June for a three‑day tenor absorbing ₹0.00 crore at 5.50%. The Standing Deposit Facility (SDF) was employed on 19 June for a one‑day tenor, absorbing ₹1,50,860.00 crore at 5.00%, and for a three‑day tenor absorbing ₹1,541.00 crore at 5.00%. Net liquidity injected from today’s operations amounted to a withdrawal of ₹1,35,365.00 crore.
Outstanding operations as of 16 June 2026 included a repo operation of ₹89,440.00 crore at 5.26% for a seven‑day tenor. The net liquidity injected from outstanding operations was ₹1,00,174.89 crore, leading to an overall net liquidity injection (including today’s operations) of –₹35,190.11 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as on 19 June 2026 stood at ₹8,18,273.34 crore. The average daily cash reserve requirement for the fortnight ending 30 June 2026 was ₹8,01,069.00 crore, indicating the level of statutory liquidity maintained by banks.
Capital Markets and Flows
In the overnight money market segment (including Call Money, Triparty Repo, Market Repo and Repo in Corporate Bond), total volume reached ₹16,357.79 crore with a weighted average rate of 5.13% and a rate range of 4.00‑5.40%. Call Money contributed ₹1,150.35 crore at 4.96% (range 4.70‑5.40%). Triparty Repo accounted for ₹8,333.15 crore at 5.03% (range 4.00‑5.40%). Market Repo contributed ₹191.19 crore at 4.56% (range 4.25‑4.80%). Repo in Corporate Bond added ₹6,683.10 crore at 5.29% (range 5.25‑5.40%).
In the term segment, Notice Money volume was ₹16,959.78 crore at a weighted rate of 5.36% (range 4.20‑5.45%). Term Money stood at ₹1,092.50 crore with rates between 5.40‑6.25%. Triparty Repo volume was ₹4,80,107.25 crore at a weighted rate of 5.20% (range 5.00‑5.50%). Market Repo volume reached ₹1,51,320.41 crore at a weighted rate of 5.20% (range 4.00‑5.90%). No Repo in Corporate Bond was recorded in the term segment.
Overall, the RBI’s operations on 19 June 2026 reflected a net absorption of liquidity, while maintaining robust activity across both overnight and term money market segments and stable cash reserve positions for scheduled commercial banks. This indicates a continued focus on managing short‑term liquidity conditions in the banking system.