RBI Money Market Ops ₹7.81 Lakh Cr

Document title: Money Market Operations as on November 02, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026-2027/1425

Date: 03 November 2026

Policy Rates and Liquidity

The Marginal Standing Facility (MSF) was offered at a rate of 5.75% for a one‑day tenor on 02 Nov 2026, with an amount of ₹2,831.00 cr. The Standing Deposit Facility (SDF) was priced at 5.25% for the same tenor, with an amount of ₹1,90,671.00 cr. Net liquidity injected from today’s operations amounted to a withdrawal of ₹1,87,840 cr, indicating overall liquidity absorption. Including outstanding operations, the total net liquidity injection (or absorption) stood at –₹2,03,088.13 cr. The Standing Liquidity Facility (SLF) availed from RBI amounted to ₹10,306.87 cr, while net liquidity injected from outstanding operations was –₹15,248.13 cr.

Money Market Activity

Overnight segment (I+II+III+IV) recorded a total volume of ₹7,81,658.23 cr, with a weighted average rate of 5.62% and a rate range of 4.80‑5.95%.

• Call Money: ₹13,431.31 cr at 5.50% (range 4.80‑5.75%).
• Triparty Repo: ₹5,70,314.05 cr at 5.61% (range 5.15‑5.74%).
• Market Repo: ₹1,91,394.22 cr at 5.67% (range 5.00‑5.82%).
• Repo in Corporate Bond: ₹6,518.65 cr at 5.81% (range 5.75‑5.95%).

Term segment showed:

• Notice Money: ₹377.00 cr at 5.39% (range 4.95‑5.54%).
• Term Money: ₹1,247.48 cr (rate not disclosed) with a range of 5.60‑7.75%.
• Triparty Repo: ₹4,923.60 cr at 5.57% (range 5.45‑6.00%).
• Market Repo: ₹0.00 cr (no activity).
• Repo in Corporate Bond: ₹1,080.46 cr at 6.85% (range 6.85‑6.85%).

Outstanding reverse‑repo operation dated 08 Oct 2026, tenor 29 days, maturing on 06 Nov 2026, amounted to ₹25,555.00 cr at 5.49%.

Banking and Credit

Cash reserves of scheduled commercial banks as on 02 Nov 2026 were ₹8,42,195.31 cr. The average daily cash reserve requirement for the fortnight ending 15 Nov 2026 was ₹8,16,655.00 cr. The Government of India’s surplus cash balance for auction was ₹0.00. Net durable liquidity as on 15 Oct 2026 showed a deficit of ₹7,93,409.00 cr.

Regulatory and Policy Measures

The operations are conducted under the framework of several RBI press releases and notifications, including Press Release No. 2025‑2026/1201 (dated 30 Sept 2025), Press Release No. 2022‑2023/41 (dated 08 Apr 2022), Press Release No. 2023‑2024/1548 (dated 27 Dec 2023), Notification RBI/2025‑26/148 (dated 11 Dec 2025), and circulars RBI/2026‑27/292 and 293 concerning foreign‑exchange risk reserves dated 10 Oct 2026 and 12 Oct 2026 respectively.

Overall, the RBI’s money‑market operations on 2 Nov 2026 reflect substantial overnight liquidity volumes, a net absorption of over ₹1.87 trillion, and high cash‑reserve balances, indicating a tight liquidity stance while keeping market rates within narrow bands.