Document title: Money Market Operations as on July 09, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference: Press Release 2026-2027/639
Date: July 10, 2026
Money Market Volume and Rates
The RBI disclosed that the total overnight money‑market volume (segments I‑IV) reached ₹6,90,802.32 crore, with a weighted average rate of 5.28% and a rate range of 4.10‑5.70%. Segment‑wise, Call Money accounted for ₹24,893.22 crore at an average rate of 5.34% (range 4.60‑5.49%), Triparty Repo contributed ₹4,80,842.85 crore at 5.27% (range 4.65‑5.47%), Market Repo added ₹1,78,345.95 crore at 5.30% (range 4.10‑5.52%), and Repo in Corporate Bonds amounted to ₹6,720.30 crore at 5.38% (range 5.30‑5.70%). In the term segment, Notice Money volume was ₹89.00 crore at 5.15% (range 4.70‑5.30%), Term Money stood at ₹661.00 crore with a quoted range of 5.50‑5.75% (rate not disclosed), Triparty Repo was ₹3,195.00 crore at 5.28% (range 5.10‑5.40%), Market Repo was ₹473.31 crore at 5.51% (range 5.45‑5.60%), and Repo in Corporate Bonds recorded zero volume.
Liquidity Operations
For the day of 09 July 2026, the RBI conducted a one‑day repo operation of ₹46,729.00 crore at a rate of 5.26%. The Marginal Standing Facility (MSF) was utilised for ₹78.00 crore at 5.50%, while the Standing Deposit Facility (SDF) absorbed ₹1,67,785.00 crore at 5.00%. The net liquidity effect of today’s operations was a withdrawal of ₹1,20,978.00 crore. Outstanding operations contributed an additional net liquidity absorption of ₹1,10,894.18 crore, resulting in an overall net liquidity deficit of ₹1,10,894.18 crore when today's and outstanding operations are combined. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹10,083.82 crore, which is also reflected as net liquidity injected from outstanding operations.
Reserve Position of Scheduled Commercial Banks
Cash balances held by scheduled commercial banks with the RBI were ₹7,87,542.58 crore on 09 July 2026. The average daily cash reserve requirement for the fortnight ending 15 July 2026 rose to ₹7,98,115.00 crore, indicating a modest increase in required reserves over the period.
Government Surplus Cash and Durable Liquidity
The Government of India reported a surplus cash balance of ₹46,729.00 crore for auction purposes on 09 July 2026, matching the amount of the repo operation conducted on the same day. Net durable liquidity, defined as surplus minus deficit, stood at ₹4,82,130.00 crore as of 15 June 2026.
The data underscore a significant liquidity absorption by the RBI through the SDF and a modest injection via repo and MSF facilities, while overall cash reserves in the banking system remain robust.