Document title: Money Market Operations as on November 07, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1468
Date: November 09, 2026
Policy rates and liquidity
The RBI disclosed that the overnight money‑market segment (including sub‑segments I‑IV) recorded a total volume of ₹21,872.47 crore, with a weighted average rate of 5.57% and a rate range of 4.50‑5.81%. Within this segment, call money amounted to ₹846.10 crore at an average rate of 5.20% (range 5.00‑5.70%), triparty repo stood at ₹20,814.50 crore with a weighted average rate of 5.59% (range 4.50‑5.81%), and market repo was ₹211.87 crore at 5.07% (range 5.00‑5.15%). Repo in corporate bonds recorded zero activity.
In the term segment, notice money volume was ₹520.00 crore at an average rate of 5.24% (range 5.00‑5.30%). All other term‑segment instruments (term money, triparty repo, market repo, repo in corporate bond) reported zero volume.
Liquidity‑adjustment operations for the day showed a net injection of –₹1,46,453.00 crore (injection positive, absorption negative). The Marginal Standing Facility (MSF) was operated on 07/11/2026 with two tenors: 1‑day amount ₹2,450.00 crore and 2‑day amount ₹3,000.00 crore, both at a rate of 5.75%. The Standing Deposit Facility (SDF) was operated on the same day with a 1‑day amount of ₹1,49,546.00 crore and a 2‑day amount of ₹2,357.00 crore, both at 5.25%.
Outstanding operations as of 06/11/2026 included a reverse repo of ₹18,133.00 crore (3‑day tenor, rate 5.49%). MSF outstanding amounts were zero for both tenors. SDF outstanding amounts were ₹90.00 crore (2‑day tenor) and ₹524.00 crore (3‑day tenor), each at 5.25%. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹10,306.87 crore. Net liquidity injected from outstanding operations was –₹8,440.13 crore, leading to a cumulative net liquidity injection of –₹1,54,893.13 crore when today’s operations are included.
Banking and credit
Cash reserves of scheduled commercial banks as of 07 November 2026 were ₹8,45,956.30 crore. The average daily cash reserve requirement for the fortnight ending 15 November 2026 was ₹8,16,655.00 crore. The Government of India’s surplus cash balance reckoned for auction on 06 November 2026 was zero. Net durable liquidity (surplus) as of 15 October 2026 stood at ₹7,93,409.00 crore.
Capital markets and flows
The money‑market operations data illustrate robust activity in the overnight segment, driven primarily by triparty repo transactions, which accounted for over 95% of total volume. The weighted average rates across the various instruments remained within a narrow band around 5‑6%, indicating stable short‑term funding costs. Term‑segment activity was limited to notice money, with a modest volume of ₹520.00 crore.
Overall, the RBI’s operations on 7‑9 November 2026 reflected a net absorption of liquidity, continued use of MSF and SDF facilities to manage short‑term funding conditions, and a strong cash‑reserve position among scheduled commercial banks. The data suggest that short‑term market rates remained anchored, while the central bank maintained ample liquidity buffers through its standing facilities.