Document title: Money Market Operations as on August 02, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/799
Date: August 03, 2026
Policy Rates and Liquidity
The RBI conducted today’s liquidity operations under the Marginal Standing Facility (MSF) and the Standing Deposit Facility (SDF). A 1‑day MSF operation of ₹252.00 crore was undertaken at a rate of 5.50 %. Simultaneously, a 1‑day SDF operation of ₹1,84,297.00 crore was executed at 5.00 %. The net liquidity injected from today’s operations amounted to a withdrawal of ₹1,84,045.00 crore, indicating overall liquidity absorption. In addition, the Standing Liquidity Facility (SLF) was availed for ₹12,979.66 crore. From outstanding operations, the net liquidity injected was a withdrawal of ₹8,869.34 crore. Combining today’s and outstanding positions, the total net liquidity injected (i.e., absorbed) stood at ₹1,92,914.34 crore.
Outstanding MSF operations included a 2‑day tenor on 01/08/2026 of ₹13.00 crore at 5.50 % and a 3‑day tenor on 31/07/2026 of ₹0.00. Outstanding SDF operations comprised a 2‑day tenor on 01/08/2026 of ₹20,054.00 crore at 5.00 % and a 3‑day tenor on 31/07/2026 of ₹1,808.00 crore at 5.00 %.
Banking and Credit
Cash reserves of scheduled commercial banks as on 02 August 2026 were ₹9,03,766.34 crore. The average daily cash reserve requirement for the fortnight ending 15 August 2026 was ₹8,03,001.00 crore. The Government of India’s surplus cash balance reckoned for auction as on 31 July 2026 was nil. Net durable liquidity, representing the surplus after accounting for cash reserve requirements, was ₹5,36,080.00 crore as of 15 July 2026.
Money Market Activity
All money‑market segments – both overnight (including call money, triparty repo, market repo and repo in corporate bonds) and term (notice money, term money, triparty repo, market repo and repo in corporate bonds) – recorded zero volume and no weighted‑average rates for the reporting date. Consequently, there were no transactions in any of the listed categories.
Financial Stability and Inclusion
The substantial net liquidity absorption of ₹1.93 Lakh crore, together with the high cash‑reserve balances of scheduled banks, reflects a tightening stance in the short‑term money market while maintaining ample overall liquidity in the banking system.
Overall, the RBI’s operations on 02 August 2026 demonstrate a deliberate withdrawal of liquidity through MSF and SDF facilities, zero activity in the broader money‑market segments, and robust cash‑reserve positions among scheduled banks, supporting stability in the financial system.