Document title: Money Market Operations as on June 17, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/477
Date: June 18, 2026
Policy Rates and Liquidity
The RBI conducted a repo operation on Wednesday, 17 June 2026 with a two‑day tenor, maturing on Friday, 19 June 2026, for an amount of ₹50,016.00 crore at a rate of 5.26%. A second repo tranche of ₹22,284.00 crore was also placed at the same rate and tenor. The Marginal Standing Facility (MSF) was accessed for one day on 17 June, maturing on 18 June, for ₹237.00 crore at 5.50%. The Standing Deposit Facility (SDF) was utilised for one day on 17 June, maturing on 18 June, for ₹1,77,254.00 crore at 5.00%. Net liquidity injected from today’s operations was a withdrawal of ₹1,04,717.00 crore. Outstanding repo operations from 16 June 2026 (seven‑day tenor, maturing on 23 June) amount to ₹89,440.00 crore at 5.26%. Including outstanding operations, net liquidity injected amounted to a deficit of ₹4,772.21 crore.
Banking and Credit
Cash reserves of scheduled commercial banks as on 17 June 2026 stood at ₹8,25,647.94 crore, compared with an average daily cash reserve requirement of ₹8,01,069.00 crore for the fortnight ending 30 June 2026. The Government of India’s surplus cash balance available for auction on 17 June 2026 was ₹72,300.00 crore. Net durable liquidity as on 31 May 2026 was a surplus of ₹4,86,400.00 crore.
Market Activity
The overnight money market segment (including Call Money, Triparty Repo, Market Repo and Repo in Corporate Bonds) recorded a total one‑leg volume of ₹6,87,307.30 crore with a weighted average rate of 5.22% and a rate range of 4.20% to 5.60%. Call Money contributed ₹20,840.09 crore at 5.35% (range 4.20%‑5.45%). Triparty Repo accounted for ₹4,86,503.90 crore at 5.19% (range 4.79%‑5.32%). Market Repo contributed ₹1,73,076.36 crore at 5.27% (range 4.50%‑5.60%). Repo in Corporate Bonds was ₹6,886.95 crore at 5.41% (range 5.40%‑5.55%). In the term segment, Notice Money volume was ₹145.50 crore at 5.17% (range 4.85%‑5.35%). Term Money volume was ₹1,062.00 crore with a rate range of 5.50%‑6.60%. Triparty Repo in the term segment was ₹2,295.00 crore at 5.18% (range 5.05%‑5.20%). Market Repo in the term segment showed a weighted rate of 5.60% for a volume of ₹146.73 crore. No repo in corporate bonds was recorded in the term segment.
Overall, the RBI’s liquidity operations on 17 June 2026 resulted in a net absorption of liquidity, while the broader money market continued to exhibit substantial volumes across both overnight and term segments, with rates remaining within the stipulated policy corridors. This reflects the RBI’s ongoing management of liquidity conditions in line with its monetary policy stance.