The Reserve Bank of India (RBI) released its money market operations data for October 15, 2026. The overnight segment recorded a total volume of ₹7,29,578.45 crore. The weighted average rate stood at 5.70%, with rates ranging between 3.00% and 6.00%.
Key Details of Money Market Operations
Call Money volumes reached ₹17,180.77 crore, with a weighted average rate of 5.75%. Triparty Repo dominated the overnight segment, recording ₹5,16,439.90 crore at 5.71%. Additionally, Market Repo contributed ₹1,90,848.13 crore, while Repo in Corporate Bonds added ₹5,109.65 crore at 5.86%.
The term segment also saw activity. Notice Money transactions totalled ₹273.50 crore at a weighted average rate of 5.59%. Meanwhile, Term Money volumes reached ₹619.00 crore, with rates ranging from 5.65% to 6.05%.
RBI Liquidity Operations and Reserve Position
On October 15, 2026, the RBI conducted a Variable Rate Reverse Repo operation worth ₹9,562.00 crore at 5.49%. The Marginal Standing Facility (MSF) saw borrowings of ₹630.00 crore at 5.75%. As a result, the net liquidity absorbed from today’s operations stood at ₹1,88,553.00 crore.
Outstanding operations showed two Variable Rate Reverse Repo auctions. One auction of ₹18,170.00 crore matures on October 19, 2026. Another auction of ₹42,655.00 crore matures on November 6, 2026. Therefore, net liquidity absorbed from outstanding operations reached ₹53,928.95 crore. The total net liquidity absorbed, including today’s operations, came to ₹2,42,481.95 crore.
Scheduled commercial banks held cash balances of ₹8,05,178.09 crore with the RBI as on October 15, 2026. However, the average daily cash reserve requirement for the fortnight ending October 15 was ₹8,17,219.00 crore. Net durable liquidity, measured as on September 30, 2026, showed a surplus of ₹10,14,401.00 crore. The Government of India surplus cash balance reckoned for auction stood at zero on this date.
What This Means for Banking Liquidity
The RBI’s money market operations data reflects active liquidity absorption on October 15. The central bank continues to manage short-term rates close to the policy repo rate corridor. For example, overnight rates remained well within the SDF-MSF corridor of 5.25% to 5.75%. This signals stable monetary conditions in India’s banking system for now.
Source: RBI Press Releases
