Document title: Money Market Operations as on August 25, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026-2027/968

Date: August 27, 2026

Policy rates and liquidity

The RBI’s Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) and Standing Deposit Facility (SDF) operations for 25‑August‑2026 showed a net liquidity absorption of ₹2,95,362.00 crore. The reverse repo operation on 25‑August‑2026 (tenor 2 days) injected ₹98,516.00 crore at a rate of 5.24%. The MSF was accessed on 25‑August‑2026 for a 1‑day tenor, delivering ₹272.00 crore at 5.50%, and again for a 2‑day tenor delivering ₹12.00 crore at 5.50%. The SDF was utilised on 25‑August‑2026 for a 1‑day tenor, absorbing ₹1,96,260.00 crore at 5.00%, and for a 2‑day tenor absorbing ₹870.00 crore at 5.00%.

Outstanding operations as of 24‑August‑2026 included a reverse repo of ₹91,980.00 crore (tenor 7 days) at 5.24%. Combining today’s and outstanding operations, the overall net liquidity injection was –₹3,81,000.34 crore, indicating net absorption.

Banking and credit

Cash reserves of scheduled commercial banks as of 25‑August‑2026 stood at ₹8,35,079.61 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 31‑August‑2026 was ₹8,17,404.00 crore.

Capital markets and flows (Money Market Operations)

Overnight Segment (I+II+III+IV) – Total volume: ₹6,79,624.11 crore. Weighted average rate: 5.01% (range 3.01‑5.40%).

  • Call Money: volume ₹14,100.71 crore, weighted average rate 5.18% (range 4.60‑5.25%).
  • Triparty Repo: volume ₹4,77,584.60 crore, weighted average rate 5.01% (range 4.95‑5.15%).
  • Market Repo: volume ₹1,80,749.95 crore, weighted average rate 4.98% (range 3.01‑5.25%).
  • Repo in Corporate Bond: volume ₹7,188.85 crore, weighted average rate 5.27% (range 5.24‑5.40%).

Term Segment

  • Notice Money: volume ₹275.20 crore, weighted average rate 5.15% (range 4.85‑5.25%).
  • Term Money: volume ₹931.50 crore, rate range 5.50‑7.40% (no weighted average disclosed).
  • Triparty Repo: volume ₹2,270.00 crore, weighted average rate 5.05% (range 5.00‑5.15%).
  • Market Repo: volume ₹226.85 crore, weighted average rate 5.34% (range 5.34‑5.35%).
  • Repo in Corporate Bond: zero volume reported.

The Standing Liquidity Facility (SLF) availed from RBI amounted to ₹6,341.66 crore. Net liquidity absorbed from outstanding operations was –₹85,638.34 crore.

Overall, the RBI’s money market operations on 25‑August‑2026 indicate substantial liquidity absorption across repo and standing facilities, with overnight market activity dominated by triparty repo and call money segments, and cash reserve balances of scheduled banks remaining robust.