Document title: Money Market Operations as on August 24, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/962
Date: August 25, 2026
Policy Rates and Liquidity
The RBI’s overnight money‑market segment recorded a total volume of ₹6,88,005.70 crore with a weighted average rate of 5.01% and a rate range of 2.00‑6.40%. Within this segment, call money volume was ₹17,145.82 crore at an average rate of 5.19% (range 4.60‑5.25%). Triparty repo volume stood at ₹4,80,936.65 crore with an average rate of 5.02% (range 4.80‑5.15%). Market repo volume was ₹1,82,624.58 crore at an average rate of 4.96% (range 2.00‑5.40%). Repo in corporate bonds amounted to ₹7,298.65 crore at 5.30% (range 5.24‑6.40%).
In the term segment, notice‑money volume was ₹2,191.50 crore at 5.33% (range 4.95‑5.35%). Term‑money volume was ₹528.00 crore with no disclosed rate, the applicable rate range being 5.55‑6.30%. Term‑segment triparty repo volume was ₹200.00 crore at a flat rate of 5.00% (range 5.00‑5.00%). Term‑segment market repo volume was ₹640.44 crore at 5.51% (range 5.35‑5.55%). No repo‑in‑corporate‑bond activity was recorded in the term segment.
Liquidity‑adjustment operations on 24 August 2026 included reverse‑repo transactions of ₹49,206.00 crore for a 1‑day tenor (rate 5.24%) and ₹91,980.00 crore for a 7‑day tenor (rate 5.24%). The Marginal Standing Facility (MSF) was utilised for ₹439.00 crore at 5.50% for a 1‑day tenor. The Standing Deposit Facility (SDF) was accessed for ₹2,30,750.00 crore at 5.00% for a 1‑day tenor. Net liquidity injected from today’s operations was –₹3,71,497.00 crore, indicating overall liquidity absorption. Outstanding net liquidity, inclusive of today’s operations, was –₹3,64,165.94 crore. The Standing Liquidity Facility (SLF) availed from the RBI amounted to ₹7,331.06 crore, which also represents the net liquidity injected from outstanding operations.
Banking and Credit
Cash‑reserve positions of scheduled commercial banks as on 24 August 2026 showed cash balances with the RBI of ₹8,20,176.13 crore. The average daily cash‑reserve requirement for the fortnight ending 31 August 2026 was ₹8,17,404.00 crore. The Government of India’s surplus cash balance reckoned for auction was ₹6,79,145.00 crore as of 24 August 2026 (and also as of 31 July 2026).
Capital Markets and Flows
The money‑market data illustrate robust activity across overnight and term segments. Total overnight volume of ₹6,88,005.70 crore reflects strong liquidity utilisation, while the weighted average rate of 5.01% suggests moderate cost of funds. The detailed breakdowns of call money, repo (triparty and market), and corporate‑bond repo provide insight into the composition of market funding. Term‑segment volumes, though smaller, indicate continued demand for notice‑money and term‑money facilities at rates ranging from 5.33% to 6.30%.
Financial Stability and Inclusion
The net liquidity absorption of over ₹3.7 trillion, combined with high cash‑reserve balances, points to a tightening stance by the RBI aimed at managing short‑term liquidity pressures while maintaining adequate reserve buffers in the banking system.
Overall, the RBI’s operations on 24 August 2026 demonstrate active management of money‑market liquidity, with significant absorption through reverse‑repo and SDF facilities, stable cash‑reserve positions for banks, and a clear indication of prevailing short‑term funding rates across the market.