India’s money market operations on June 29, 2026, showed active liquidity management by the Reserve Bank of India. The overnight segment recorded a total volume of ₹6,48,285.61 crore, with a weighted average rate of 5.27%. These RBI money market operations reflect the central bank’s continued focus on system-wide liquidity balance.
Key Highlights of RBI Money Market Operations
The overnight segment comprised four key components. Call Money volumes stood at ₹17,307.82 crore, with a weighted average rate of 5.34%. Triparty Repo dominated the segment at ₹4,45,714.15 crore, averaging 5.25%. Additionally, Market Repo contributed ₹1,76,598.64 crore at 5.31%, while Repo in Corporate Bond added ₹8,665 crore at 5.50%.
In the Term Segment, Notice Money transactions reached ₹381.70 crore at 5.37%. Term Money recorded ₹326 crore, with rates ranging between 5.50% and 6.05%. Meanwhile, Term Triparty Repo stood at ₹7,766 crore at a weighted average of 5.70%.
RBI Liquidity Adjustment and Reserve Position
Under the Liquidity Adjustment Facility, the RBI conducted a Variable Rate Repo Operation on June 29, 2026. It injected ₹75,021 crore at a cut-off rate of 5.26% for a two-day tenor. However, the Standing Deposit Facility (SDF) absorbed ₹2,17,149 crore at 5.00% on the same day. As a result, net liquidity absorbed from today’s operations totalled ₹1,39,481 crore.
The Marginal Standing Facility (MSF) saw banks borrow ₹2,647 crore at 5.50%. Outstanding repo operations from June 23 amounted to ₹1,41,171 crore. Therefore, the net liquidity injected from outstanding operations came in at ₹1,52,557.51 crore. Overall, the net durable liquidity surplus as of May 31, 2026, stood at ₹4,86,400 crore.
Cash Reserve and Government Balances
Scheduled commercial banks held cash balances of ₹8,07,652.07 crore with the RBI as on June 29, 2026. The average daily cash reserve requirement for the fortnight ending June 30 was ₹8,01,069 crore. For example, the Government of India’s surplus cash balance reckoned for auction stood at ₹75,021 crore on the same date. These figures indicate banks are comfortably meeting their reserve obligations.
Source: RBI Press Releases
