Document title: Money Market Operations as on August 26, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/971
Date: August 27, 2026
Liquidity Operations (Today's)
The RBI’s money market operations for the day of August 26, 2026 showed zero activity across all overnight and term segments, with volumes recorded at 0.00 crore rupees and no weighted average rates reported. The Marginal Standing Facility (MSF) was offered on Wednesday, 26‑Aug‑2026 for a one‑day tenor, maturing on Thursday, 27‑Aug‑2026, with an amount of 397.00 crore rupees at a rate of 5.50%. The Standing Deposit Facility (SDF) was also available on the same day for a one‑day tenor, maturing on 27‑Aug‑2026, with a larger amount of 1,91,115.00 crore rupees at a rate of 5.00%. The net liquidity effect of today’s operations was an absorption of ₹1,90,718.00 crore (negative injection).
Outstanding Liquidity Operations
Outstanding operations as of the reporting date included reverse repo transactions: a two‑day tenor operation dated Tue, 25‑Aug‑2026 maturing on Thu, 27‑Aug‑2026 for ₹98,516.00 crore at 5.24%, and a seven‑day tenor operation dated Mon, 24‑Aug‑2026 maturing on Mon, 31‑Aug‑2026 for ₹91,980.00 crore at 5.24%. The MSF outstanding on Tue, 25‑Aug‑2026 was a two‑day tenor amounting to ₹12.00 crore at 5.50%, while the SDF outstanding on the same date was ₹870.00 crore at 5.00%.
Standing Liquidity Facility (SLF)
The Standing Liquidity Facility availed from the RBI amounted to ₹6,341.66 crore.
Net Liquidity Position
Aggregating today’s and outstanding operations, the RBI recorded a net liquidity absorption of ₹1,85,012.34 crore from outstanding operations and a total net liquidity injection (including today’s) of –₹3,75,730.34 crore, indicating overall liquidity withdrawal from the system.
Cash Reserve Position of Scheduled Commercial Banks
Cash balances of scheduled commercial banks with the RBI as on 26‑Aug‑2026 were ₹8,34,019.15 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 31‑Aug‑2026 was ₹8,17,404.00 crore. The Government of India’s surplus cash balance for auction as on 25‑Aug‑2026 was nil (₹0.00). Net durable liquidity, representing surplus or deficit, stood at a surplus of ₹6,79,145.00 crore as on 31‑Jul‑2026.
Overall, the RBI’s money market activity on the reporting date was dormant, with zero transaction volumes, while the institution continued to absorb liquidity through reverse repo and other facilities, maintaining a high level of cash reserves in the banking system.