Document Title: Money Market Operations as on October 28, 2026
Issuing Authority: Reserve Bank of India
Reference: Press Release 2026-2027/1401
Date: October 29, 2026
Policy Rates and Liquidity
The RBI conducted marginal standing facility (MSF) and standing deposit facility (SDF) operations on 28 Oct 2026. The MSF was offered for a one‑day tenor, maturing on 29 Oct 2026, with an amount of ₹495.00 crore at a rate of 5.75 %. The SDF was also for a one‑day tenor, maturing on 29 Oct 2026, with an amount of ₹1,46,807.00 crore at a rate of 5.25 %. Net liquidity injected from today’s operations was a withdrawal of ₹1,46,312.00 crore. Outstanding repo operations as of 26 Oct 2026 amounted to ₹1,50,007.00 crore at 5.55 % for a four‑day tenor, while reverse repo outstanding from 8 Oct 2026 was ₹25,555.00 crore at 5.49 % for a 29‑day tenor. The Standing Liquidity Facility (SLF) availed from the RBI stood at ₹8,406.87 crore. Net liquidity injected from outstanding operations was a positive ₹1,32,858.87 crore, leading to an overall net liquidity position of a withdrawal of ₹13,453.13 crore when today’s operations are included.
Banking and Credit
Cash reserves of scheduled commercial banks as on 28 Oct 2026 were ₹8,47,924.39 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 31 Oct 2026 was ₹8,33,309.00 crore. The Government of India’s surplus cash balance for auction on the same date was nil. Net durable liquidity as of 30 Sep 2026 was reported at ₹10,14,401.00 crore.
Capital Markets and Flows
In the overnight segment, total money‑market volume reached ₹7,27,784.70 crore with a weighted average rate of 5.59 % and a rate range of 4.00‑5.95 %. Call money contributed ₹18,241.55 crore at an average rate of 5.68 % (range 4.30‑5.85 %). Triparty repo accounted for ₹5,11,103.10 crore at 5.57 % (range 5.20‑5.70 %). Market repo volume was ₹1,92,162.95 crore at 5.61 % (range 4.00‑5.75 %). Repo in corporate bonds amounted to ₹6,277.10 crore at 5.76 % (range 5.55‑5.95 %). In the term segment, notice money volume was ₹135.00 crore at 5.33 % (range 4.90‑5.60 %). Term money volume was ₹661.90 crore with a quoted range of 5.45‑6.90 %. Term‑segment triparty repo was ₹3,837.40 crore at 5.60 % (range 5.50‑5.70 %). Term‑segment market repo was ₹310.00 crore at 6.00 % (range 5.95‑6.10 %). Repo in corporate bonds for the term segment was ₹154.05 crore at a flat rate of 7.50 %.
Overall, the RBI’s operations indicate a tightening of liquidity through net withdrawals today, while maintaining active repo and reverse‑repo markets across overnight and term tenors. The cash reserve positions of banks remain robust, supporting the stability of the banking system.