Document title: Money Market Operations as on November 10, 2026, Issuing authority: Reserve Bank of India, Reference: Press Release 2026-2027/1476, Date: 11 November 2026.
Policy Rates and Liquidity
The RBI reported that all money‑market segments – overnight (call money, triparty repo, market repo, repo in corporate bond) and term (notice money, term money, triparty repo, market repo, repo in corporate bond) – recorded zero one‑leg volume and no weighted‑average rates on 10 November 2026. In the Marginal Standing Facility (MSF) on 10 November, the RBI injected ₹7,331.00 crore for a one‑day tenor at a rate of 5.75 %. The Standing Deposit Facility (SDF) on the same day injected ₹2,07,233.00 crore at 5.25 % for a one‑day tenor. Net liquidity from today’s operations was a withdrawal of ₹1,99,902.00 crore. Outstanding variable‑rate repo operations dated 9 November 2026 (four‑day tenor) amounted to ₹50,003.00 crore at 5.51 %, while outstanding MSF and SDF balances were ₹1,000.00 crore (5.75 %) and ₹1,401.00 crore (5.25 %) respectively. Combining today’s and outstanding operations, total net liquidity injection was a withdrawal of ₹1,39,993.13 crore.
Banking and Credit
Cash balances of scheduled commercial banks held with the RBI as of 10 November 2026 stood at ₹8,47,268.91 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 15 November 2026 was ₹8,16,655.00 crore. The Government of India’s surplus cash balance available for auction on 9 November 2026 was ₹50,003.00 crore. Net durable liquidity, defined as surplus or deficit, as of 15 October 2026 was ₹7,93,409.00 crore.
The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹10,306.87 crore, contributing to a net liquidity injection from outstanding operations of ₹59,908.87 crore.
Overall, the RBI’s money‑market operations indicate a substantial net withdrawal of liquidity from the system, with zero market activity across all segments and significant injections via MSF and SDF offset by larger absorptions.