The Reserve Bank of India released its money market operations data for June 20, 2026. Overall, the RBI money market operations reflect a net liquidity absorption of ₹32,203 crore on a combined outstanding basis. This signals a broadly comfortable, yet carefully managed, liquidity environment in the banking system.
Key Highlights of RBI Money Market Operations
The overnight segment recorded a total volume of ₹15,911 crore. The weighted average rate for this segment stood at 5.02 percent. Triparty Repo dominated activity, with a volume of ₹15,083 crore at a weighted average rate of 5.03 percent. Call Money traded at 4.85 percent, while Market Repo settled at 5.05 percent.
The term segment, however, saw no transactions on this date. Notice Money, Term Money, and all term repo categories reported zero volume. Additionally, repo in corporate bonds recorded no activity in either the overnight or term segments.
On the RBI operations side, the Marginal Standing Facility (MSF) saw banks borrow ₹267 crore across two tenors at 5.50 percent. Meanwhile, the Standing Deposit Facility (SDF) absorbed a significant ₹1,47,854 crore at 5.00 percent. As a result, today’s net liquidity position showed an absorption of ₹1,47,587 crore.
Liquidity Position and Reserve Data
Outstanding variable rate repo operations injected substantial funds into the system. A 3-day repo of ₹16,750 crore and a 7-day repo of ₹89,440 crore remain active, both at a cut-off rate of 5.26 percent. Therefore, the net liquidity from outstanding operations stands at a positive ₹1,15,384 crore injection.
Scheduled commercial banks maintained cash balances of ₹8,03,097 crore with the RBI as on June 20, 2026. This comfortably exceeds the average daily cash reserve requirement of ₹8,01,069 crore for the fortnight ending June 30, 2026. Furthermore, net durable liquidity as on May 31, 2026, remained in surplus at ₹4,86,400 crore.
The Standing Liquidity Facility (SLF) availed from RBI totalled ₹10,735 crore. Additionally, the Government of India’s surplus cash balance reckoned for auction stood at ₹16,750 crore as on June 19, 2026. These figures together indicate a stable, well-cushioned banking liquidity framework.
Source: RBI Press Releases
