Document title: Money Market Operations as on August 12, 2026

Issuing Authority: Reserve Bank of India

Reference No.: Press Release 2026-2027/880

Date: 13 August 2026

Policy Rates and Liquidity

The RBI reported that the total overnight money‑market volume (segments I‑IV) amounted to ₹5,95,010.33 crore, with a weighted average rate of 5.06 % and a rate range of 4.00‑5.40 %. Within this segment, call money accounted for ₹15,174.91 crore at an average rate of 5.11 % (range 4.60‑5.30 %). Triparty repo volume was ₹3,97,202.30 crore at 5.04 % (range 4.95‑5.35 %), and market repo stood at ₹1,75,614.97 crore with a weighted rate of 5.08 % (range 4.00‑5.35 %). Repo in corporate bonds recorded a volume of ₹7,018.15 crore at 5.29 % (range 5.15‑5.40 %). In the term segment, notice money volume was ₹247.70 crore at 5.06 % (range 4.80‑5.15 %), term money volume was ₹1,410.50 crore with rates between 5.35‑5.83 %, triparty repo was ₹30.00 crore at 5.15 % (range 5.15‑5.15 %), and market repo was ₹727.78 crore at 5.36 % (range 5.25‑5.42 %). No transactions were reported for repo in corporate bonds in the term segment. Net durable liquidity, calculated as Repo + MSF + SLF − Reverse Repo − SDF, showed a surplus of ₹5,36,080.00 crore as of 15 July 2026.

Banking and Credit

The cash reserves position of scheduled commercial banks as on 12 August 2026 was ₹7,75,553.61 crore. The average daily cash reserve requirement for the fortnight ending 15 August 2026 was projected at ₹8,03,001.00 crore. The Government of India surplus cash balance available for auction on the same day was nil.

Capital Markets and Flows

The money‑market operations data reflect robust activity across both overnight and term segments, indicating ample liquidity in the inter‑bank market. Weighted average rates across segments hovered around 5 %, with narrow ranges, suggesting stable pricing conditions.

Overall, the RBI’s August 12, 2026 money‑market snapshot shows substantial volumes, modest rate levels, and a sizable net liquidity surplus, underscoring a well‑functioning short‑term funding market.