RBI Money Market Operations as on October 15, 2026
Issuing Authority: Reserve Bank of India
Reference: Press Release 2026-2027/1337
Date: October 16, 2026
Policy Rates and Liquidity
The RBI disclosed that the overnight money‑market segment (including Call Money, Triparty Repo, Market Repo and Repo in Corporate Bond) recorded a total one‑leg volume of ₹7,29,578.45 crore. The weighted average rate for the segment was 5.70%, with a quoted range of 3.00‑6.00%. Call Money contributed ₹17,180.77 crore at 5.75% (range 4.85‑5.90%). Triparty Repo volume stood at ₹5,16,439.90 crore with a weighted average rate of 5.71% (range 5.15‑5.81%). Market Repo amounted to ₹1,90,848.13 crore at 5.64% (range 3.00‑5.95%). Repo in Corporate Bond was ₹5,109.65 crore at 5.86% (range 5.75‑6.00%).
In the term segment, Notice Money volume was ₹273.50 crore at 5.59% (range 5.25‑5.85%). Term Money volume was ₹619.00 crore with rates quoted 5.65‑6.05%. Triparty Repo in the term segment was ₹190.00 crore at 5.82% (range 5.80‑5.85%). Market Repo for the term segment recorded ₹450.37 crore at a weighted average rate of 5.94% (range 5.85‑6.00%). No Repo in Corporate Bond was reported for the term segment.
For the day’s variable‑rate operations, the RBI conducted a reverse repo of ₹9,562.00 crore for a one‑day tenor, priced at 5.49%. The Marginal Standing Facility (MSF) was utilised for ₹630.00 crore at 5.75%. The Standing Deposit Facility (SDF) absorbed ₹1,79,621.00 crore at 5.25%. Net liquidity injected from today’s operations was ‑₹1,88,553.00 crore, indicating overall absorption of liquidity.
Outstanding variable‑rate operations include a reverse repo of ₹18,170.00 crore (tenor 10 days, rate 5.49%) and another reverse repo of ₹42,655.00 crore (tenor 29 days, rate 5.49%).
Banking and Credit
The cash reserves position of scheduled commercial banks as on 15 October 2026 was ₹8,05,178.09 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 15 October 2026 was ₹8,17,219.00 crore. The Government of India’s surplus cash balance reckoned for auction was ₹10,14,401.00 crore, reflecting net durable liquidity surplus.
Financial Stability and Inclusion
The cumulative net liquidity injection, combining outstanding operations and today’s operations, amounted to ‑₹2,42,481.95 crore, signifying a net withdrawal of liquidity from the system.
The data are based on information from the Reserve Bank of India and the Clearing Corporation of India Limited (CCIL) and reference several prior press releases and notifications.
Overall, the RBI’s money‑market operations on 15 October 2026 show substantial repo activity, a modest weighted average rate around 5.7 %, and a net absorption of liquidity, while cash reserves of banks remain robust.