Document title: Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1413
Date: October 30, 2026
Policy Rates and Liquidity
The RBI’s liquidity operations for the week of 19‑25 October 2026 recorded net absorption each day. Net figures (in ₹ crore) were –86,036 on 19‑Oct, –117,327 on 20‑Oct, –72,437 on 21‑Oct, –107,690 on 22‑Oct, –119,657 on 23‑Oct, –171,601 on 24‑Oct and –171,858 on 25‑Oct. The Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) were employed, with occasional repo and reverse‑repo transactions, indicating a tightening stance in short‑term market liquidity.
Banking and Credit
Scheduled commercial banks reported a contraction in key balance‑sheet items. Aggregate deposits fell by ₹519,169 crore to ₹27,875,910 crore, a week‑over‑week decline of 1.8% and a year‑on‑year rise of 16.7%. Demand deposits decreased by ₹436,882 crore to ₹3,299,048 crore, while time deposits fell by ₹82,287 crore to ₹24,576,862 crore. Borrowings rose modestly by ₹36,258 crore to ₹1,000,281 crore. Other demand and time liabilities slipped by ₹15,538 crore to ₹1,224,273 crore. Total bank credit contracted by ₹252,075 crore to ₹22,742,777 crore, a 1.1% weekly fall and an 18.2% year‑on‑year increase. Food credit rose by ₹3,806 crore to ₹100,093 crore, whereas non‑food credit declined by ₹255,881 crore to ₹22,642,685 crore.
External Sector and Currency
Total foreign exchange reserves stood at ₹6,833,505 crore (US$ 719,748 million) as of 23‑Oct‑2026, down ₹12,655 crore (US$ 1,269 million) from the previous week. Compared with end‑March 2026, reserves were lower by ₹279,644 crore (US$ 28,640 million). Year‑to‑date, reserves were ₹725,206 crore (US$ 24,392 million). The composition showed foreign currency assets at ₹5,632,074 crore (US$ 593,205 million), gold holdings at ₹979,339 crore (US$ 103,150 million) – a weekly decline of ₹25,244 crore (US$ 2,650 million), Special Drawing Rights (SDRs) at ₹176,639 crore (US$ 18,605 million) and the RBI’s IMF position at ₹45,453 crore (US$ 4,787 million).
Money Stock and Sources
M3 money stock increased from ₹31,453,126 crore on 31‑Mar‑2026 to ₹33,300,300 crore on 15‑Oct‑2026, a weekly decline of ₹469,584 crore (‑1.4%). Year‑on‑year, M3 rose 5.2% to ₹1,427,771 crore and is projected to reach ₹4,585,940 crore (16.0% growth) by 2026‑27. Currency with the public grew by 1.2% to ₹4,255,656 crore, while demand deposits with banks fell 11.2% to ₹3,453,877 crore. Time deposits with banks rose modestly by 0.5% to ₹25,463,077 crore, and other deposits with the RBI increased by 0.5% to ₹127,690 crore. Net bank credit to the government rose 0.4% to ₹9,454,452 crore, driven by a 0.9% increase in credit extended by other banks. Net bank credit to the commercial sector fell 1.1% to ₹23,602,596 crore, reflecting a 1.1% decline in credit from other banks after accounting for a merger of a non‑bank with a bank effective 14‑Jul‑2023.
Regulatory and Policy Measures
The Banking Laws (Amendment) Act, 2025 revised the definition of a fortnight from alternate Fridays to the 15th and last calendar day of each month, effective 15‑Dec‑2025. This change affects the reporting periods used in the statistical tables.
Overall, the bulletin highlights a modest contraction in state‑government borrowing, a slight dip in foreign exchange reserves and gold holdings, continued pressure on bank deposits and credit, and a net absorption of liquidity through RBI operations, all set against a backdrop of regulatory adjustments to reporting conventions.