Document title: Money Market Operations as on October 14, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1330
Date: October 15, 2026
Policy Rates and Liquidity
The RBI’s Liquidity Adjustment Facility (LAF) operations on 14 October 2026 included a reverse repo of ₹25,533.00 crore at a rate of 5.49% for a one‑day tenor, a Marginal Standing Facility (MSF) injection of ₹1,697.00 crore at 5.75%, and a Standing Deposit Facility (SDF) absorption of ₹1,05,429.00 crore at 5.25%. Net liquidity injected from today’s operations was a withdrawal of ₹1,29,265.00 crore. Outstanding reverse‑repo operations amounting to ₹37,558.00 crore (3‑day tenor on 12 Oct), ₹18,170.00 crore (10‑day tenor on 9 Oct) and ₹75,655.00 crore (29‑day tenor on 8 Oct) were all priced at 5.49%. Net liquidity injected from outstanding operations was a withdrawal of ₹1,27,250.90 crore. Including today’s operations, total net liquidity injection was a withdrawal of ₹2,56,515.90 crore, indicating overall liquidity absorption. The Standing Liquidity Facility (SLF) availed from the RBI stood at ₹4,132.10 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as of 14 October 2026 were ₹8,00,996.09 crore. The average daily cash reserve requirement for the fortnight ending 15 October 2026 was ₹8,17,219.00 crore, reflecting the banks’ liquidity position and reserve compliance.
Capital Markets and Flows
In the overnight money‑market segment, total volume reached ₹6,88,424.63 crore with a weighted average rate of 5.55% (range 4.50‑5.90%). Segment‑wise, call money volume was ₹15,293.55 crore at 5.52% (4.75‑5.85%), triparty repo ₹4,74,688.50 crore at 5.58% (5.38‑5.85%), market repo ₹1,93,281.93 crore at 5.48% (4.50‑5.90%), and repo in corporate bonds ₹5,160.65 crore at 5.52% (5.50‑5.75%). In the term segment, notice money volume was ₹278.00 crore at 5.39% (4.80‑5.60%), term money ₹312.50 crore (rate not quoted, range 5.50‑5.95%), triparty repo ₹2,372.00 crore at 5.62% (5.50‑5.75%), market repo ₹1,092.36 crore at 5.61% (5.25‑6.00%), and repo in corporate bonds ₹154.05 crore at a flat 6.50% rate.
Financial Stability
The Government of India’s surplus cash balance reckoned for auction as on 14 October 2026 was ₹13,93,819.00 crore, contributing to a net durable liquidity surplus of the same amount. The overall net liquidity position, after accounting for today’s and outstanding operations, showed a substantial absorption of ₹2,56,515.90 crore, indicating a tightening of liquidity in the system.
Overall, the RBI’s operations on 14‑15 October 2026 reflect a deliberate liquidity absorption stance, with high cash reserve balances in banks, sizable government surplus cash, and elevated money‑market rates across segments, underscoring a cautious monetary environment.