Policy Rates and Liquidity
The RBI’s liquidity adjustment facilities on 20 October 2026 showed a net liquidity absorption of ₹48,303.95 crore when today’s operations are combined with outstanding positions. The Marginal Standing Facility (MSF) was utilised for a tenor of one day, injecting ₹29,561.00 crore at a rate of 5.75 %. The Standing Deposit Facility (SDF) for the same day absorbed ₹1,46,888.00 crore at a rate of 5.25 %. Variable‑rate repo and reverse‑repo operations for the day recorded zero volume.
Banking and Credit
Cash reserves of scheduled commercial banks as of 20 October 2026 amounted to ₹8,42,024.88 crore. The average daily cash reserve requirement for the fortnight ending 31 October 2026 was ₹8,33,309.00 crore, indicating a modest surplus over the required reserve.
Capital Markets and Flows
Money‑market activity for the overnight and term segments recorded zero volume across call money, triparty repo, market repo, and repo in corporate bonds. Outstanding repo operations from 19 October 2026 (seven‑day tenor) and 08 October 2026 (twenty‑nine‑day tenor) totalled ₹1,00,014.00 crore and ₹37,055.00 crore respectively, with weighted average rates of 5.51 % and 5.49 %.
Financial Stability and Inclusion
Net durable liquidity, which reflects the surplus or deficit after accounting for all liquidity‑adjusting facilities, stood at a surplus of ₹10,14,401.00 crore as of 30 September 2026. The overall net liquidity position, after incorporating today’s operations, was a net absorption of ₹48,303.95 crore, signalling a tightening stance in the short‑term money market.
The release was authored by Deputy General Manager Ajit Prasad of the RBI’s Department of Communication.