The Reserve Bank of India (RBI) released data on RBI money market operations for October 16, 2026. The report reveals key overnight and term segment activity, along with liquidity figures that directly affect India’s banking system.
Key Details of Money Market Activity
The overnight segment recorded a total volume of ₹15,299.40 crore. The weighted average rate stood at 5.72%, with rates ranging between 4.00% and 6.00%. Call Money transactions amounted to ₹1,475.35 crore at a weighted average rate of 5.39%. Meanwhile, Triparty Repo dominated the overnight segment with ₹8,616.90 crore at 5.76%.
Repo in Corporate Bond saw significant activity, recording ₹4,924.65 crore at a weighted average rate of 5.81%. Additionally, Market Repo contributed ₹282.50 crore at 5.00%. These figures together paint a clear picture of overnight borrowing trends among banks.
In the term segment, Triparty Repo was the standout, recording a massive ₹5,29,485.75 crore at 5.72%. Market Repo followed with ₹1,81,270.34 crore at 5.67%. Notice Money transactions reached ₹14,692.12 crore, with rates ranging from 4.85% to 6.05%.
RBI Money Market Operations: Liquidity and Reserve Position
On the liquidity front, the RBI absorbed significantly more than it injected. The Marginal Standing Facility (MSF) saw banks borrow ₹8,316.00 crore at 5.75% for a one-day tenor. However, the Standing Deposit Facility (SDF) absorbed a large ₹1,58,474.00 crore at 5.25%, also for one day.
As a result, net liquidity from today’s operations stood at a net absorption of ₹1,51,299.00 crore. Outstanding operations added further absorption, bringing the total net liquidity position to a deficit of ₹1,99,647.95 crore. Therefore, the overall system remains in a liquidity absorption mode.
Scheduled Commercial Banks held cash balances of ₹8,44,129.11 crore with the RBI as on October 16, 2026. The average daily cash reserve requirement for the fortnight ending October 31, 2026 was ₹8,33,309.00 crore. Additionally, net durable liquidity as on September 30, 2026 stood at a surplus of ₹10,14,401.00 crore, indicating a healthy medium-term liquidity buffer in the system.
Source: RBI Press Releases
