RBI Money Market Volume ₹7.23 Lakh Cr

Document title: Money Market Operations as on June 11, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference: Press Release 2026-2027/439

Date: June 12, 2026

Policy Rates and Liquidity

The RBI’s Marginal Standing Facility (MSF) was operated on Thursday, 11 June 2026 for a one‑day tenor, maturing on Friday, 12 June 2026, with an amount of ₹446.00 crore at a rate of 5.50%. The Standing Deposit Facility (SDF) was also operated on the same day for a one‑day tenor, maturing on 12 June 2026, with an amount of ₹1,93,407.00 crore at a rate of 5.00%. Net liquidity injected from today’s operations was a withdrawal of ₹1,92,961.00 crore.

Outstanding variable‑rate repo operations include a repo dated Monday, 8 June 2026 for a four‑day tenor, maturing on 12 June 2026, with an amount of ₹23,680.00 crore at a rate of 5.26%. The Standing Liquidity Facility (SLF) availed from the RBI amounts to ₹10,293.79 crore. Net liquidity injected from outstanding operations is a surplus of ₹33,973.79 crore, resulting in an overall net liquidity injection (including today’s operations) of –₹1,58,987.21 crore.

Money Market Operations

Overnight Segment (I+II+III+IV) – Total volume reached ₹7,23,737.09 crore with a weighted average rate of 5.14% and a rate range of 1.00‑5.40%.

• Call Money: ₹16,981.69 crore at an average rate of 5.27% (range 4.60‑5.40%).
• Triparty Repo: ₹5,15,214.50 crore at an average rate of 5.13% (range 4.56‑5.20%).
• Market Repo: ₹1,84,830.60 crore at an average rate of 5.16% (range 1.00‑5.35%).
• Repo in Corporate Bond: ₹6,710.30 crore at an average rate of 5.28% (range 5.25‑5.40%).

Term Segment

• Notice Money: ₹257.60 crore at an average rate of 5.28% (range 4.85‑5.75%).
• Term Money: ₹990.20 crore with a rate range of 5.50‑6.60%.
• Triparty Repo (Term): ₹4,872.00 crore at an average rate of 5.08% (range 5.00‑5.35%).
• Market Repo (Term): ₹3,335.95 crore at an average rate of 5.33% (range 5.25‑5.60%).
• Repo in Corporate Bond (Term): ₹0.00 crore.

Banking and Credit

Cash reserves of scheduled commercial banks as of 11 June 2026 stood at ₹7,61,893.16 crore. The average daily cash reserve requirement for the fortnight ending 15 June 2026 was ₹7,90,713.00 crore, indicating that banks held reserves slightly below the average requirement. The Government of India’s surplus cash balance reckoned for auction was ₹2,65,955.00 crore as of 11 June 2026 (and also as of 15 May 2026).

Overall, the RBI’s money market operations on 11 June 2026 reflected robust activity across overnight and term segments, with liquidity absorption of nearly ₹1.93 trillion through today’s operations and a net liquidity position of –₹1.59 trillion when accounting for outstanding facilities. The cash reserve position of scheduled commercial banks remained substantial, though marginally below the fortnightly average requirement, while the government maintained a sizable surplus cash balance for auction purposes.