The Reserve Bank of India (RBI) released its money market operations data for June 30, 2026. The report covers overnight and term segments, along with RBI liquidity operations. Overall, the data signals continued active liquidity management by the central bank.
Key Money Market Operations Data
The overnight segment recorded a total volume of ₹6,17,738.78 crore. The weighted average rate stood at 5.38%, with rates ranging from 4.00% to 6.00%. Triparty Repo dominated activity, contributing ₹4,33,193.50 crore to overnight volumes.
Call Money transactions reached ₹12,288.36 crore at a weighted average rate of 5.43%. Meanwhile, Market Repo added ₹1,62,817.97 crore at 5.32%. Additionally, Repo in Corporate Bond contributed ₹9,438.95 crore, with rates ranging between 5.45% and 6.00%.
In the term segment, Triparty Repo saw ₹19,790.00 crore transacted at a weighted average rate of 5.68%. However, Term Market Repo and Corporate Bond Repo recorded zero transactions on this date.
RBI Liquidity Adjustment and Reserve Position
The RBI conducted a Variable Rate Repo operation on June 30, 2026, injecting ₹69,413.00 crore at a cut-off rate of 5.26%. Additionally, banks availed the Marginal Standing Facility (MSF) to the tune of ₹8,273.00 crore at 5.50%. As a result, net liquidity from today’s operations showed an absorption of ₹1,98,985.00 crore.
The Standing Deposit Facility (SDF) absorbed a significant ₹2,76,671.00 crore at 5.00%. Therefore, net liquidity including outstanding operations reflected an overall absorption of ₹1,12,577.49 crore. This indicates the RBI is actively withdrawing excess liquidity from the system.
Scheduled commercial banks held cash balances of ₹7,94,865.05 crore with the RBI as on June 30, 2026. However, the average daily cash reserve requirement for the fortnight ending June 30 was slightly higher at ₹8,01,069.00 crore. Net durable liquidity, as on June 15, 2026, remained in surplus at ₹4,82,130.00 crore, reflecting comfortable systemic liquidity conditions overall.
What This Means for the Banking Sector
The money market operations data reflects the RBI’s continued focus on liquidity calibration. Short-term rates remain anchored close to the policy repo rate. For example, overnight rates hovering near 5.38% suggest orderly conditions in the interbank market. Consequently, borrowing costs for banks remain stable, which supports broader credit flow in the economy.
Source: RBI Press Releases
