India’s money market operations on October 13, 2026, revealed active liquidity management by the Reserve Bank of India. The RBI money market data shows the overnight segment recorded a combined volume of ₹6,89,444 crore, with a weighted average rate of 5.37%. These figures reflect the central bank’s ongoing effort to keep short-term rates stable.
Key Details of RBI Money Market Operations
The overnight segment comprised four instruments. Call Money traded at a weighted average rate of 5.34%, with a volume of ₹15,276 crore. Triparty Repo dominated activity, clocking ₹4,72,774 crore at 5.39%. Additionally, Market Repo contributed ₹1,96,263 crore at 5.33%, while Repo in Corporate Bonds added ₹5,129 crore at 5.47%.
The term segment remained relatively smaller. Notice Money traded at 5.25%, and Term Money ranged between 5.50% and 5.85%. Meanwhile, Term Repo in Corporate Bonds fetched a notably higher rate of 6.22%, ranging from 6.15% to 6.25%.
RBI Liquidity Operations and Reserve Position
The RBI absorbed significant liquidity through its Liquidity Adjustment Facility operations on October 13. Under the Standing Deposit Facility (SDF), the RBI absorbed ₹1,37,826 crore at 5.25%. The Marginal Standing Facility (MSF) saw ₹1,306 crore borrowed at 5.75%. As a result, net liquidity from today’s operations showed an absorption of ₹2,08,100 crore.
Outstanding Variable Rate Reverse Repo operations further absorbed liquidity across multiple tenors. Therefore, net liquidity from outstanding operations stood at a negative ₹1,27,825 crore. Overall, the combined net liquidity position, including today’s operations, reflected an absorption of ₹3,35,925 crore — signalling a tightening stance in the short term.
On the reserve front, scheduled commercial banks held cash balances of ₹7,94,308 crore with the RBI as on October 13. However, the average daily Cash Reserve Requirement for the fortnight ending October 15 was higher at ₹8,17,219 crore. Net durable liquidity, as on September 15, 2026, stood at a surplus of ₹13,93,819 crore. The Government of India’s surplus cash balance reckoned for auction was nil on this date.
Source: RBI Press Releases
