Document title: Money Market Operations as on June 14, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/454
Date: June 15, 2026
Policy Rates and Liquidity
The RBI’s Marginal Standing Facility (MSF) was operative on 14 June 2026 at a rate of 5.50 per cent, with a cash injection of ₹1,122.00 crore for a one‑day tenor. The Standing Deposit Facility (SDF) operated at 5.00 per cent, injecting ₹1,61,891.00 crore for the same tenor. Net liquidity injected from today’s operations, calculated as Repo plus MSF plus SLF minus Reverse Repo and SDF, amounted to a withdrawal of ₹1,60,769.00 crore. When combined with outstanding operations, the overall net liquidity position reflected a total absorption of ₹1,72,856.21 crore.
Banking and Credit
Cash reserve positions of scheduled commercial banks were reported as follows: cash balances with the RBI stood at ₹7,62,788.76 crore as of 14 June 2026, while the average daily cash reserve requirement for the fortnight ending 15 June 2026 was ₹7,90,713.00 crore. The Government of India’s surplus cash balance, reckoned for auction, was ₹2,65,955.00 crore as of 12 June 2026.
The money market segment volumes for both overnight and term segments were recorded as zero across all categories, including call money, triparty repo, market repo, and repo in corporate bonds.
Overall, the RBI’s operations on the stated date indicate a significant net liquidity absorption, stable cash reserve levels in the banking system, and a government surplus cash position.