Document Title: Money Market Operations as on October 17, 2026

Issuing Authority: Reserve Bank of India (RBI)

Reference: Press Release 2026-2027/1348

Date: 19 October 2026

Policy Rates and Liquidity

The RBI disclosed that the total overnight money‑market volume (segments I‑IV) amounted to ₹16,971.16 crore. The weighted average rate for the overnight segment was 5.61%, with a quoted range of 3.50 % to 5.95 %. Within this segment, call money contributed ₹1,069.65 crore at an average rate of 5.28% (range 4.55‑5.90%), while triparty repo accounted for ₹14,983.20 crore at an average rate of 5.71% (range 5.50‑5.95%). Market repo volume was ₹918.31 crore at an average rate of 4.42% (range 3.50‑5.65%). No activity was reported in the corporate‑bond repo sub‑segment.

In the term segment, notice‑money volume was ₹22.70 crore at an average rate of 5.21% (range 5.10‑5.21%). All other term‑segment instruments (term money, triparty repo, market repo, corporate‑bond repo) recorded zero volume.

Liquidity‑adjustment operations for the day included:

  • Marginal Standing Facility (MSF) placements of ₹6,414.00 crore for a one‑day tenor at 5.75% and ₹177.00 crore for a two‑day tenor at 5.75%.
  • Standing Deposit Facility (SDF) placements of ₹1,40,986.00 crore (one‑day) and ₹2,292.00 crore (two‑day) both at 5.25%.

The net liquidity injected from today’s operations (repo + MSF + SDF – reverse repo – SDF) was a withdrawal of ₹1,36,687.00 crore.

Outstanding operations as of the reporting date showed a reverse‑repo of ₹18,170.00 crore (tenor 10 days) at 5.49% and an MSF placement of ₹38,655.00 crore (tenor 29 days) at 5.49%. Additional SDF entries of ₹0.00 crore (two‑day) and ₹1,141.00 crore (three‑day) were recorded at 5.25%. The net liquidity injected from outstanding operations was a withdrawal of ₹49,489.95 crore, bringing the cumulative net injection (including today’s operations) to –₹1,86,176.95 crore.

The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹8,476.05 crore.

Banking and Credit

Cash‑reserve positions of scheduled commercial banks were reported as follows: cash balances with the RBI stood at ₹8,43,229.42 crore on 17 October 2026. The average daily cash‑reserve requirement for the fortnight ending 31 October 2026 was ₹8,33,309.00 crore. The Government of India’s surplus cash balance for auction purposes was nil as of 16 October 2026. Net durable liquidity (surplus/deficit) as of 30 September 2026 was a surplus of ₹10,14,401.00 crore.

This briefing presents the complete factual content of the RBI’s Money Market Operations circular dated 19 October 2026.