Document title: Money Market Operations as on July 02, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/598
Date: July 03, 2026
Policy Rates and Liquidity
The RBI’s Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) and Standing Deposit Facility (SDF) were operated on 2 July 2026. The MSF rate for a one‑day tenor was 5.50% with an amount of ₹93.00 crore, while the SDF rate was 5.00% with ₹1,40,619.00 crore deployed. Net liquidity injected from today’s operations amounted to a withdrawal of ₹1,40,526.00 crore. Including outstanding operations, the cumulative net liquidity injection stood at a withdrawal of ₹99,472.18 crore. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹11,358.82 crore.
Money Market Operations
On 2 July 2026 the total overnight money‑market volume (segments I to IV) reached ₹6,77,082.16 crore, with a weighted average rate of 5.11% across a range of 0.01% to 5.98%. Call money contributed ₹16,996.11 crore at an average rate of 5.27% (range 4.20%‑5.35%). Triparty repo accounted for ₹4,77,507.90 crore at 5.10% (range 4.86%‑5.20%). Market repo volume was ₹1,76,028.10 crore at a flat rate of 5.10%, and repo in corporate bonds amounted to ₹6,550.05 crore at an average rate of 5.36% (range 5.34%‑5.50%). In the term segment, notice money stood at ₹223.40 crore at 5.24% (range 4.85%‑5.32%), term money at ₹1,874.75 crore with rates between 5.40% and 5.75%, triparty repo at ₹3,138.00 crore at 5.14% (range 5.10%‑5.25%), and market repo at ₹504.06 crore at 5.29% (range 4.50%‑5.35%). No repo in corporate bonds was recorded in the term segment.
Banking and Credit
The cash‑reserve position of scheduled commercial banks as of 2 July 2026 was ₹8,64,285.90 crore. The average daily cash‑reserve requirement for the fortnight ending 15 July 2026 was ₹7,98,115.00 crore. The Government of India’s surplus cash balance available for auction was ₹4,82,130.00 crore, contributing to net durable liquidity.
Overall, the RBI’s operations on 2 July 2026 injected net liquidity of approximately ₹1.4 lakh crore through reverse repo and SDF mechanisms, while maintaining a substantial cash‑reserve buffer in the banking system and active money‑market turnover at rates around 5%.