Money Market Operations as on June 28, 2026 – Reserve Bank of India – Press Release: 2026-2027/558 – 29 June 2026
Policy Rates and Liquidity
The RBI’s Marginal Standing Facility (MSF) operation on 28 June 2026 injected ₹551.00 crore at a rate of 5.50% for a one‑day tenor, maturing on 29 June 2026. The Standing Deposit Facility (SDF) on the same day absorbed ₹1,23,227.00 crore at 5.00% for a one‑day tenor. Net liquidity injected from today’s operations was a withdrawal of ₹1,22,676.00 crore. Outstanding operations during the week included repo operations of ₹16,800.00 crore (5.26%) on 25 June and ₹1,41,171.00 crore (5.26%) on 23 June, as well as limited MSF and SDF activity on 27‑25 June amounting to a combined ₹2,945.00 crore. The Standing Liquidity Facility (SLF) was availed on 25 June for a four‑day tenor, with amounts of ₹2,106.00 crore and ₹10,754.89 crore at 5.00%. Net liquidity injected from outstanding operations amounted to ₹1,64,238.89 crore, and when combined with today’s operations the overall net injection stood at ₹41,562.89 crore.
Banking and Credit
Cash reserves of scheduled commercial banks with the RBI were ₹8,09,557.54 crore as of 28 June 2026. The average daily cash reserve requirement for the fortnight ending 30 June 2026 was ₹8,01,069.00 crore, with a surplus cash balance of ₹16,800.00 crore recorded on 25 June 2026. Net durable liquidity, defined as surplus, was ₹4,86,400.00 crore as of 31 May 2026.
Money Market Operations
The RBI reported zero transaction volume across all overnight (call money, triparty repo, market repo, corporate bond repo) and term money‑market segments on 28 June 2026, with weighted average rates of 0.00% and no range reported.
The data indicate that the RBI’s liquidity management tools were actively used during the week, with significant absorption through the SDF and modest injection via the MSF and SLF, while money‑market trading activity remained nil on the reporting date.