The Reserve Bank of India (RBI) released its money market operations data for July 19, 2026. The report shows zero activity across all overnight and term segments. However, key RBI liquidity operations recorded significant movement on this date.
RBI Money Market Operations: Key Details
All overnight money market segments — including Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond — reported zero volume. Similarly, the term segment recorded no transactions. As a result, weighted average rates and ranges were not applicable for the day.
On the liquidity side, the Marginal Standing Facility (MSF) saw banks borrow ₹680 crore at 5.50% for a one-day tenor. Meanwhile, the Standing Deposit Facility (SDF) absorbed a substantial ₹1,60,255 crore at 5.00%. Therefore, net liquidity injected from today’s operations stood at a net absorption of ₹1,59,575 crore.
RBI Liquidity Position and Reserve Status
Outstanding variable rate repo operations from July 17, 2026, show two tranches totalling ₹75,819 crore maturing on July 20, 2026, at a cut-off rate of 5.26%. Additionally, outstanding SDF operations from July 18 and July 17 absorbed ₹5,970 crore and ₹5,478 crore respectively. The Standing Liquidity Facility (SLF) availed from the RBI stood at ₹10,783.82 crore.
Net liquidity from outstanding operations reflected an injection of ₹75,154.82 crore. However, when combining today’s operations with outstanding ones, the net liquidity position showed an absorption of ₹84,420.18 crore.
Scheduled commercial banks held cash balances of ₹8,32,766.32 crore with the RBI as on July 19, 2026. The average daily cash reserve requirement for the fortnight ending July 31, 2026, is ₹8,15,720 crore. As a result, banks appear to be maintaining reserves comfortably above the required level.
The Government of India’s surplus cash balance reckoned for auction stood at ₹75,819 crore as on July 17, 2026. Furthermore, net durable liquidity remained in surplus at ₹4,99,485 crore as on June 30, 2026, signalling an overall comfortable liquidity environment in the banking system.
Source: RBI Press Releases
