Document title: Money Market Operations as on October 16, 2026

Issuing authority: Reserve Bank of India

Reference number: Press Release 2026-2027/1346

Date: October 19, 2026

Policy rates and liquidity

The RBI’s overnight money‑market segment (comprising Call Money, Triparty Repo, Market Repo and Repo in Corporate Bond) recorded a total one‑leg volume of ₹15,299.40 crore with a weighted average rate of 5.72% and a rate range of 4.00‑6.00%.

In the term segment, Notice Money (uncollateralised 2‑14‑day tenor) showed a volume of ₹14,692.12 crore at an average rate of 5.81% (range 4.85‑6.05%). Term Money (uncollateralised 15‑day to one‑year tenor) recorded a volume of ₹1,411.00 crore with rates between 5.75‑6.25%. Triparty Repo in the term segment amounted to ₹5,29,485.75 crore at a weighted average rate of 5.72% (range 5.45‑5.95%). Market Repo in the term segment was ₹1,81,270.34 crore at 5.67% (range 5.00‑5.95%). No repo in corporate bonds was executed in the term segment.

Liquidity facilities on the day of operations (Friday, 16‑Oct‑2026) included:

  • Marginal Standing Facility (MSF) for a 1‑day tenor of ₹8,316.00 crore at 5.75%; no operations for 2‑day and 3‑day tenors.
  • Standing Deposit Facility (SDF) for a 1‑day tenor of ₹1,58,474.00 crore at 5.25%; a 3‑day tenor operation of ₹1,141.00 crore at 5.25%; no 2‑day operation.

Net liquidity injected from today’s operations was –₹1,51,299.00 crore.

Outstanding operations (including prior days) showed reverse‑repo transactions of ₹18,170.00 crore for a 10‑day tenor (dated 09‑Oct‑2026) and ₹38,655.00 crore for a 29‑day tenor (dated 08‑Oct‑2026), both at 5.49%. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹8,476.05 crore. Net liquidity injected from outstanding operations was –₹48,348.95 crore, leading to a cumulative net liquidity injection (including today’s operations) of –₹1,99,647.95 crore.

Banking and credit

Cash reserves of scheduled commercial banks as on 16‑Oct‑2026 were ₹8,44,129.11 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 31‑Oct‑2026 stood at ₹8,33,309.00 crore. The Government of India’s surplus cash balance reckoned for auction on the same date was ₹0.00. Net durable liquidity, representing the overall surplus or deficit, was a surplus of ₹10,14,401.00 crore as of 30‑Sep‑2026.

The data reflect the RBI’s ongoing liquidity management through repo, reverse‑repo, MSF, SDF and SLF operations, while maintaining substantial cash reserves in the banking system.

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