Document title: Reserve Bank of India – Weekly Statistical Supplement – 26 June 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/553
Date: 26 June 2026
Liquidity and Policy Rates
The RBI reported variable‑rate repo rates for the fortnight ending 21‑Jun‑26 ranging from a low of 16,750 rupees (19‑Jun‑26) to a high of 89,440 rupees (16‑Jun‑26). The Marginal Standing Facility (MSF) stood at 5,597 rupees on 15‑Jun‑26, falling to 425 rupees on 16‑Jun‑26 and further to 237 rupees on 17‑Jun‑26, before stabilising around 267‑487 rupees for the remainder of the week. The Standing Deposit Facility (SDF) remained elevated, at 195,453 rupees on 15‑Jun‑26 and 124,251 rupees on 16‑Jun‑26, decreasing to 144,129 rupees by 21‑Jun‑26. Net liquidity absorption was negative throughout the week, with the largest outflow of –191,408 crore rupees on 18‑Jun‑26, indicating that the RBI was absorbing funds rather than injecting liquidity.
Banking and Credit
Aggregate deposits of commercial banks fell by 160,500 crore rupees (‑0.6%) to 25,841,605 crore rupees as of 15‑Jun‑26. Demand deposits declined by 121,539 crore rupees, while time deposits fell by 38,961 crore rupees. Despite the deposit contraction, total bank credit rose modestly by 31,175 crore rupees (0.1%) to 21,547,116 crore rupees, with a 0.9% year‑to‑date increase. Food credit stood at 133,895 crore rupees, down 3,111 crore rupees fortnightly, whereas non‑food credit expanded to 21,413,222 crore rupees, up 34,285 crore rupees. Borrowings by banks increased by 11,160 crore rupees, and other demand and time liabilities rose by 42,390 crore rupees.
External Sector and Currency Reserves
Total reserves of the RBI decreased by 42,457 crore rupees week‑on‑week to 6,346,007 crore rupees (US$672,587 million). Foreign currency assets fell by 70,702 crore rupees to 5,106,454 crore rupees (US$541,217 million). Gold holdings increased by 30,818 crore rupees to 1,018,336 crore rupees (US$107,930 million). Special Drawing Rights (SDRs) declined by 1,924 crore rupees to 175,937 crore rupees (US$18,647 million). The RBI’s reserve position in the IMF fell by 650 crore rupees to 45,280 crore rupees (US$4,793 million).
Money Stock (M3) and Its Components
M3 contracted by 141,312 crore rupees (‑0.5%) to 31,220,737 crore rupees for the fortnight. Currency with the public rose by 12,161 crore rupees (0.3%) to 4,229,342 crore rupees. Demand deposits with banks fell by 107,138 crore rupees (‑3.1%) to 3,356,328 crore rupees. Time deposits with banks slipped slightly by 38,914 crore rupees (‑0.2%) to 23,515,220 crore rupees. ‘Other’ deposits with the RBI decreased by 7,421 crore rupees (‑5.8%) to 119,847 crore rupees.
Sources of Money Stock
Net bank credit to the government amounted to 9,342,692 crore rupees, up 0.5% fortnightly. Of this, the RBI’s share was 1,944,642 crore rupees, while other banks contributed 7,398,050 crore rupees. Bank credit to the commercial sector stood at 22,393,423 crore rupees, up 0.1% fortnightly, with the RBI’s contribution negligible (13,557 crore rupees) and other banks providing 22,379,867 crore rupees.
The data incorporate the impact of a non‑bank merger with a bank effective 1‑July‑2023 and a revision to the definition of a fortnight under the Banking Laws (Amendment) Act, 2025, changing it to the 15th and last calendar day of each month effective 15‑Dec‑2025.
Overall, the RBI’s weekly supplement shows a modest contraction in reserves and money stock, a slight decline in bank deposits, and continued net liquidity absorption, reflecting a tightening stance in the short term.