Document title: Money Market Operations as on July 06, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/618
Date: July 07, 2026
Policy Rates and Liquidity
The RBI conducted a repo operation on Monday, 06 July 2026, offering a three‑day tenor that matures on Thursday, 09 July 2026. The operation injected ₹14,600.00 crore at a rate of 5.26%. In the same session, the Marginal Standing Facility (MSF) absorbed ₹5,737.00 crore for a one‑day tenor at 5.50%, and the Standing Deposit Facility (SDF) absorbed ₹1,49,525.00 crore for a one‑day tenor at 5.00%. Net liquidity injected from today’s operations was a withdrawal of ₹1,29,188.00 crore, indicating overall liquidity absorption.
Banking and Credit
Cash reserves of scheduled commercial banks as on 06 July 2026 stood at ₹8,27,394.92 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 15 July 2026 was ₹7,98,115.00 crore, reflecting the banks’ statutory liquidity holdings.
Capital Markets and Flows
The overnight money‑market segment (including all four sub‑segments) recorded a total volume of ₹6,85,433.01 crore with a weighted average rate of 5.14% and a rate range of 2.50‑5.50%.
- Call Money: ₹17,791.29 crore at 5.25% (range 4.20‑5.30%).
- Triparty Repo: ₹4,85,625.60 crore at 5.14% (range 4.80‑5.20%).
- Market Repo: ₹1,75,623.62 crore at 5.12% (range 2.50‑5.50%).
- Repo in Corporate Bond: ₹6,392.50 crore at 5.32% (range 5.27‑5.40%).
The term segment showed modest activity: Notice Money volume of ₹146.67 crore at 5.16% (range 4.85‑5.25%); Term Money volume of ₹1,570.00 crore with a rate band of 5.25‑6.00%; and Term Triparty Repo volume of ₹2,617.00 crore at 5.15% (range 5.10‑5.25%). Market Repo and Repo in Corporate Bond for the term segment recorded zero activity.
Financial Stability and Inclusion
Overall net liquidity from outstanding operations, after accounting for repo, MSF, SDF and reverse repo positions, indicated a net absorption of ₹1,19,104.18 crore. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹10,083.82 crore, contributing a modest injection to the system. The Government of India’s surplus cash balance earmarked for auction was ₹14,600.00 crore, and net durable liquidity stood at a surplus of ₹14,600.00 crore as of 06 July 2026, compared with a surplus of ₹4,82,130.00 crore on 15 June 2026.
In summary, the RBI’s July 6, 2026 money‑market operations reflected significant liquidity absorption through MSF and SDF, modest repo injection, robust overnight market volumes, and strong cash‑reserve positions of scheduled banks, underscoring a tight liquidity stance in the short term.