The Reserve Bank of India (RBI) released its money market operations data for July 17, 2026. The figures show significant liquidity absorption, with the RBI conducting variable rate repo operations and Standing Deposit Facility (SDF) transactions on the day.
Key Money Market Rates and Volumes
The overnight segment recorded a total volume of ₹13,924.23 crore. The weighted average rate for this segment stood at 5.35%, with rates ranging between 4.50% and 5.65%. Call Money traded at a weighted average rate of 5.17%, while Triparty Repo clocked 5.19%.
Repo in Corporate Bond dominated the overnight segment with a volume of ₹7,611.40 crore at 5.49%. Meanwhile, Market Repo recorded a modest ₹213.63 crore at 4.74%. Therefore, corporate bond repos played a major role in overnight liquidity on this date.
In the term segment, Triparty Repo saw the highest volume at ₹4,79,596.40 crore at a weighted average of 5.17%. Additionally, Market Repo in the term segment reached ₹1,76,602.20 crore at 5.27%. Notice Money recorded ₹22,185.45 crore at a weighted average rate of 5.40%.
RBI Liquidity Operations and Reserve Position
The RBI conducted variable rate repo operations worth ₹75,819 crore on July 17, 2026, at a cut-off rate of 5.26%. As a result, these operations injected short-term liquidity into the banking system over a 3-day tenor maturing on July 20, 2026.
However, the SDF absorbed a much larger ₹1,52,120 crore overnight at 5.00%. This pushed the net liquidity from today’s operations into absorption mode at ₹81,672 crore. The Standing Liquidity Facility (SLF) availed from the RBI stood at ₹10,783.82 crore.
The net durable liquidity surplus as on June 30, 2026, remained healthy at ₹4,99,485 crore. Scheduled commercial banks held cash balances of ₹8,66,619.13 crore with the RBI on July 17. For example, this comfortably exceeded the average daily cash reserve requirement of ₹8,15,720 crore for the fortnight ending July 31, 2026.
Overall, the RBI money market operations data reflects a system in net absorption mode, even as durable liquidity remains in surplus. The central bank continues to actively manage short-term rates within its policy corridor.
Source: RBI Press Releases
