The Reserve Bank of India released its RBI money market operations data for June 21, 2026, a Sunday. As expected on a non-business day, all overnight and term segment transactions recorded zero volume. However, key liquidity operations under the LAF framework remained active.
Key Highlights of RBI Money Market Operations
On June 21, 2026, the RBI’s Marginal Standing Facility (MSF) saw banks borrow ₹487 crore at 5.50%. Meanwhile, banks parked a significant ₹1,44,129 crore with the RBI under the Standing Deposit Facility (SDF) at 5.00%. As a result, net liquidity absorbed from today’s operations stood at ₹1,43,642 crore.
Additionally, outstanding variable rate repo operations remained in force. A 3-day repo of ₹16,750 crore from June 19 and a 7-day repo of ₹89,440 crore from June 16 are both due on June 22 and June 23 respectively. These carry a cut-off rate of 5.26%. Therefore, outstanding operations continue to inject substantial funds into the banking system.
The Standing Liquidity Facility (SLF) availed from the RBI reached ₹10,734.89 crore. Net liquidity from outstanding operations stood at a surplus of ₹1,12,956.89 crore. However, when today’s absorption is included, the overall net liquidity position shows a deficit of ₹30,685.11 crore.
Reserve Position and Durable Liquidity
Scheduled commercial banks held cash balances of ₹8,04,550.83 crore with the RBI as on June 21, 2026. This comfortably exceeds the average daily cash reserve requirement of ₹8,01,069 crore for the fortnight ending June 30, 2026. For example, this suggests banks are maintaining adequate reserve buffers at present.
The Government of India’s surplus cash balance reckoned for auction stood at ₹16,750 crore as on June 19, 2026. Furthermore, net durable liquidity in the system recorded a healthy surplus of ₹4,86,400 crore as on May 31, 2026. This indicates that overall systemic liquidity remains comfortable despite short-term absorption on the day.
What This Means for Banking Customers
The RBI’s active use of SDF reflects its continued focus on managing surplus liquidity. Additionally, steady repo operations ensure that banks have access to short-term funds at predictable rates. As a result, lending and borrowing conditions in the broader economy remain stable. Customers can therefore expect no immediate disruption to loan rates or deposit conditions.
Source: RBI Press Releases
