Document Title: Money Market Operations as on October 24, 2026
Issuing Authority: Reserve Bank of India (RBI) – Department of Communication
Reference: Press Release 2026-2027/1387
Date: October 26, 2026
Policy rates and liquidity
The RBI’s operations on 24 October 2026 included a Marginal Standing Facility (MSF) injection of ₹28,311 crore at a rate of 5.75 % for tenors of one and two days, and a Standing Deposit Facility (SDF) injection of ₹1,99,912 crore at 5.25 % for a one‑day tenor. Net liquidity from today’s operations was a withdrawal of ₹1,71,601 crore. Outstanding operations comprised a repo of ₹50,003 crore at 5.58 % maturing on 26 October 2026; reverse repo operations of ₹1,00,014 crore at 5.51 % (maturing 26 October) and ₹29,555 crore at 5.49 % (maturing 6 November). MSF outstanding amounts were zero for a two‑day tenor and ₹4,639 crore for a three‑day tenor, both at 5.75 %. SDF outstanding amounts were ₹70 crore for a two‑day tenor and ₹2,737 crore for a three‑day tenor, both at 5.25 %. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹10,411.05 crore. Net liquidity injected from outstanding operations was ₹1,32,705.05 crore, resulting in an overall net liquidity position of –₹38,895.95 crore (absorption).
Banking and credit
Cash reserves of scheduled commercial banks with the RBI as on 24 October 2026 were ₹8,45,809.53 crore. The average daily cash reserve requirement for the fortnight ending 31 October 2026 was ₹8,33,309 crore. The Government of India’s surplus cash balance reckoned for auction as on 23 October 2026 stood at ₹50,003 crore. Net durable liquidity as on 30 September 2026 was reported at ₹10,14,401 crore.
Overall, the RBI’s money market operations on 24 October 2026 resulted in a net liquidity absorption of approximately ₹38,896 crore, reflecting active utilisation of the MSF, SDF and reverse repo facilities while maintaining strong cash reserve positions among scheduled commercial banks.