Document Title: Money Market Operations as on July 13, 2026
Issuing Authority: Reserve Bank of India (RBI) – Department of Communication
Reference: Press Release 2026-2027/662
Date: July 14, 2026
Policy Rates and Liquidity
The RBI’s Marginal Standing Facility (MSF) operated on 13 July 2026 with a tenor of 1 day, maturing on 14 July 2026, amounting to ₹5,964.00 crore at a rate of 5.50 %. The Standing Deposit Facility (SDF) for the same tenor amounted to ₹1,55,296.00 crore at a rate of 5.00 %. Net liquidity injected from today’s operations was a deficit of ₹1,49,332.00 crore (injection negative). Including outstanding operations, total net liquidity injected (injection + absorption) stood at a deficit of ₹1,39,248.18 crore.
Capital Markets and Flows
In the overnight segment (tenors I‑IV), total volume reached ₹6,66,967.15 crore with a weighted average rate of 5.20 % and a rate range of 2.50‑6.45 %. Call Money (I) contributed ₹24,560.93 crore at 5.30 % (range 4.60‑5.35 %). Triparty Repo (II) contributed ₹4,55,716.35 crore at 5.17 % (range 4.85‑5.28 %). Market Repo (III) volume was ₹1,79,387.02 crore with an average rate of 5.26 % (range 2.50‑5.50 %). Repo in Corporate Bond (IV) volume was ₹7,302.85 crore at an average rate of 4.98 % (range 5.35‑6.45 %).
In the term segment, Notice Money volume was ₹152.80 crore at an average rate of 5.14 % (range 4.70‑5.25 %). Term Money volume was ₹255.00 crore with a rate band of 5.60‑5.70 %. Triparty Repo volume was ₹9,735.00 crore at 5.26 % (range 5.10‑5.30 %). Market Repo volume was ₹282.00 crore at a flat rate of 5.40 %. Repo in Corporate Bond recorded zero volume.
Banking and Credit
Cash reserves of scheduled commercial banks amounted to ₹7,72,285.55 crore on 13 July 2026 and rose to ₹7,98,115.00 crore on 15 July 2026, reflecting the average daily cash reserve requirement for the fortnight ending. The Government of India surplus cash balance for auction on 13 July 2026 was zero. Net durable liquidity as of 15 June 2026 stood at a surplus of ₹4,82,130.00 crore.
The RBI’s money market operations on 13 July 2026 showed substantial overnight liquidity deployment across call money and repo instruments, a net liquidity absorption of over ₹1.4 trillion, and a modest increase in banks’ cash reserve balances, indicating continued active management of short‑term liquidity in the system.