Document title: Money Market Operations as on July 03, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/610
Date: July 06, 2026
Money Market Operations
The RBI reported an overnight segment volume of ₹23,229.40 crore with a weighted average rate of 5.13 % and a rate range of 4.70‑5.50 %. Call Money contributed ₹774.35 crore at 4.90 % (range 4.70‑5.34 %). Triparty Repo volume was ₹15,365.90 crore at 5.06 % (range 4.80‑5.50 %). Market Repo amounted to ₹699.00 crore at 5.37 % (range 5.25‑5.50 %). Repo in Corporate Bonds was ₹6,390.15 crore at 5.30 % (range 5.25‑5.40 %).
In the term segment, Notice Money stood at ₹18,618.43 crore with a weighted average rate of 5.28 % (range 4.00‑5.35 %). Term Money volume was ₹1,232.00 crore with a rate range of 5.50‑6.25 %. Outstanding Triparty Repo amounted to ₹4,94,411.30 crore at an average rate of 5.10 % (range 4.96‑5.20 %). Market Repo outstanding was ₹1,77,039.94 crore at 5.02 % (range 0.01‑5.45 %). No repo in corporate bonds was reported in the term segment.
Policy Rates and Liquidity
Today's Liquidity Adjustment Facility operations included a Marginal Standing Facility (MSF) for one‑day tenor of ₹76.00 crore at 5.50 %, with zero amounts for two‑ and three‑day tenors. The Standing Deposit Facility (SDF) was utilised for one‑day tenor of ₹1,77,558.00 crore at 5.00 % and for three‑day tenor of ₹1,493.00 crore at 5.00 %; the two‑day tenor was unused. Net liquidity injected from today's operations was a withdrawal of ₹1,78,975.00 crore. Outstanding operations contributed a net injection of ₹11,068.82 crore, resulting in an overall net liquidity injection (including today) of a withdrawal of ₹1,67,906.18 crore.
The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹11,068.82 crore.
Banking and Credit
Cash balances of scheduled commercial banks with the RBI as on 03 July 2026 were ₹8,21,397.68 crore. The average daily cash reserve requirement for the fortnight ending 15 July 2026 was ₹7,98,115.00 crore.
The Government of India reported a surplus cash balance for auction of ₹4,82,130.00 crore as on 03 July 2026 (and also as on 15 June 2026).
The data indicate that the RBI continued to absorb liquidity from the system through its MSF, SDF and reverse‑repo operations while maintaining substantial cash reserve balances in the banking sector.