The Reserve Bank of India (RBI) released its money market operations data for June 26, 2026. The report shows zero activity across all overnight and term money market segments. However, the RBI’s liquidity management tools remained actively in use during the day.
Key Details of RBI Money Market Operations
All overnight segments recorded zero volume on June 26. These include Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond. Similarly, the term segment showed no transactions across any instrument. As a result, weighted average rates and ranges were not applicable for these segments.
On the liquidity adjustment front, the RBI absorbed significant funds through the Standing Deposit Facility (SDF). Banks parked ₹1,21,869 crore overnight at a rate of 5.00%. Additionally, smaller amounts of ₹90 crore and ₹2,318 crore were absorbed for two- and three-day tenors respectively. Meanwhile, the Marginal Standing Facility (MSF) saw a modest borrowing of ₹269 crore at 5.50% for one day.
Therefore, the net liquidity absorbed from today’s operations stood at ₹1,24,008 crore. This figure reflects the RBI’s continued effort to manage surplus liquidity in the banking system.
What This Means for Banking Liquidity
Outstanding variable rate repo operations continue to inject funds into the system. Two active repos total ₹1,57,971 crore, both at a cut-off rate of 5.26%. Additionally, the Standing Liquidity Facility (SLF) availed from the RBI stood at ₹10,754.89 crore.
Net liquidity injected from all outstanding operations reached ₹1,66,676.89 crore. However, after including today’s absorptions, the net outstanding liquidity injection narrows to ₹42,668.89 crore. This signals a broadly comfortable but carefully managed liquidity environment.
Scheduled commercial banks held cash balances of ₹8,10,877.95 crore with the RBI as on June 26, 2026. The average daily cash reserve requirement for the fortnight ending June 30, 2026, is ₹8,01,069 crore. Furthermore, net durable liquidity in the system stood at a surplus of ₹4,86,400 crore as on May 31, 2026. This indicates that the banking system continues to operate under comfortable liquidity conditions overall.
Source: RBI Press Releases
