Document title: Money Market Operations as on September 01, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1019
Date: September 02, 2026
Policy rates and liquidity
The RBI conducted repo and reverse repo operations on 1 September 2026. A 1‑day reverse repo of ₹2,59,846 crore and a 7‑day reverse repo of ₹1,14,320 crore were priced at 5.24% per annum. The Marginal Standing Facility (MSF) for a 1‑day tenor was offered at 5.50% for ₹130 crore, while the Standing Deposit Facility (SDF) for the same tenor was priced at 5.00% for ₹2,74,154 crore. Net liquidity injected from today’s operations amounted to a withdrawal of ₹6,48,190 crore.
Banking and credit
Cash reserves of scheduled commercial banks as of 1 September 2026 stood at ₹9,22,843.04 crore. The average daily cash reserve requirement (CRR) for the fortnight ending 15 September 2026 was ₹8,10,284 crore. Net durable liquidity, measured as surplus or deficit, was a surplus of ₹8,05,736 crore as of 15 August 2026.
Liquidity position (outstanding operations)
Outstanding reverse repo operations as of 31 August 2026 included a 15‑day tenor amounting to ₹1,34,625 crore at a rate of 5.24%. The net liquidity injected from outstanding operations, after accounting for repo, MSF and SDF positions, was a net absorption of ₹1,28,303.50 crore. Combining today’s and outstanding operations, the overall net liquidity injection was a withdrawal of ₹7,76,493.50 crore.
Additional notes
All figures are presented in ₹ crore and rates in percent. The data is based on information from the Reserve Bank of India and the Clearing Corporation of India Limited. The operations reflect the RBI’s ongoing liquidity management stance as of early September 2026.