The Reserve Bank of India (RBI) released its RBI money market operations data for July 1, 2026. The report shows strong overnight market activity, with total volumes crossing ₹7 lakh crore. Additionally, the central bank absorbed significant liquidity through its standing deposit facility.
Key Details of Money Market Activity
The overnight segment recorded a total volume of ₹7,02,044 crore. The weighted average rate for this segment stood at 5.23%, within a range of 4.00% to 5.50%. Triparty Repo dominated the overnight market, contributing ₹5,07,156 crore at a weighted average rate of 5.22%. Meanwhile, Call Money volumes reached ₹21,115 crore, with rates averaging 5.28%.
The term segment saw comparatively lower activity. Notice Money transactions totalled ₹71.50 crore, while Term Money volumes reached ₹1,580 crore. Term Triparty Repo recorded ₹2,555 crore at a rate of 5.20%. However, Repo in Corporate Bond under the term segment saw no transactions on this date.
RBI Liquidity Operations and Reserve Position
Under today’s RBI money market operations, the central bank conducted a Variable Rate Repo auction worth ₹29,695 crore for a 2-day tenor at a cut-off rate of 5.26%. The Marginal Standing Facility (MSF) saw minimal borrowing of just ₹78 crore at 5.50%. As a result, the Standing Deposit Facility (SDF) absorbed a much larger ₹1,27,600 crore at 5.00%.
Net liquidity from today’s operations showed an absorption of ₹97,827 crore. Therefore, including outstanding operations, the net liquidity position stood at a deficit of ₹86,468 crore. The Standing Liquidity Facility availed from RBI amounted to ₹11,358.82 crore.
What This Means for Banking Liquidity
Scheduled commercial banks held cash balances of ₹8,77,701.88 crore with the RBI as on July 1, 2026. For example, the average daily cash reserve requirement for the fortnight ending July 15, 2026 is set at ₹7,98,115 crore. This indicates that banks currently hold reserves well above the mandatory requirement. Additionally, net durable liquidity as on June 15, 2026 remained in surplus at ₹4,82,130 crore, reflecting comfortable systemic liquidity conditions overall.
These RBI money market operations figures are based on data sourced from the RBI and the Clearing Corporation of India Limited (CCIL). For full details, readers can refer to the official RBI press release.
Source: RBI Press Releases
