Document title: Money Market Operations as on August 30, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/997
Date: 31 August 2026
Policy Rates and Liquidity
The RBI’s operations for 30 August 2026 show that today’s liquidity injection was a net absorption of –₹2,58,132.00 Cr. The Marginal Standing Facility (MSF) was offered for a one‑day tenor on 30 August, maturing on 31 August, with an amount of ₹1,786.00 Cr at a rate of 5.50 %. The Standing Deposit Facility (SDF) was also offered for a one‑day tenor, amounting to ₹2,59,918.00 Cr at a rate of 5.00 %.
Outstanding operations as of the reporting date include a reverse repo of ₹1,52,537.00 Cr at 5.24 % for a three‑day tenor (auction dated 28 August, maturing 31 August) and another reverse repo of ₹91,980.00 Cr at 5.24 % for a seven‑day tenor (auction dated 24 August, maturing 31 August). The MSF outstanding amounts are ₹36.00 Cr at 5.50 % for a two‑day tenor (auction dated 29 August) and ₹0.00 Cr for a three‑day tenor (auction dated 28 August). The SDF outstanding is ₹6,992.00 Cr at 5.00 % for a two‑day tenor (auction dated 29 August). Additionally, the Standing Liquidity Facility (SLF) was availed for a three‑day tenor on 28 August, amounting to ₹1,195.00 Cr at 5.00 %.
The net liquidity injected from outstanding operations was –₹2,46,326.34 Cr, leading to a cumulative net liquidity change (including today’s operations) of –₹5,04,458.34 Cr.
Banking and Credit
Cash reserves of scheduled commercial banks as of 30 August 2026 stood at ₹8,12,613.59 Cr. The average daily cash reserve requirement (CRR) for the fortnight ending 31 August 2026 was ₹8,17,404.00 Cr. The Government of India’s surplus cash balance reckoned for auction as on 28 August 2026 was ₹0.00. Net durable liquidity as on 31 July 2026 was reported at ₹6,79,145.00 Cr.
The data indicate that despite zero transaction volumes in both overnight and term money‑market segments, the RBI’s liquidity‑adjustment facilities continued to absorb liquidity from the system, while banks maintained substantial cash balances with the central bank.
Overall, the RBI’s operations on 30 August 2026 reflect a tightening stance through net liquidity absorption, with significant cash reserves held by scheduled commercial banks and a pronounced reduction in system‑wide liquidity.