India’s money market operations on October 19, 2026, showed active liquidity management by the Reserve Bank of India. The RBI money market data reveals a total overnight segment volume of ₹7,00,613.28 crore, with a weighted average rate of 5.56%. Therefore, short-term borrowing costs remained broadly stable across key instruments.
Key Highlights of RBI Money Market Operations
The overnight segment was the most active part of the market. Triparty Repo led volumes at ₹5,03,521.05 crore, with a weighted average rate of 5.54%. Meanwhile, Call Money traded at ₹13,586.97 crore, with rates ranging between 4.85% and 5.75%. Additionally, Market Repo contributed ₹1,77,529.66 crore to overnight volumes.
The term segment recorded comparatively lower activity. Notice Money volumes stood at ₹2,767.44 crore, while Term Money ranged between 5.70% and 6.20%. However, Repo in Corporate Bonds in the term segment fetched a higher rate of 6.35%, reflecting slightly tighter pricing for longer tenors.
RBI Liquidity Operations and Reserve Position
The RBI conducted a Variable Rate Repo operation on October 19, 2026, injecting ₹1,00,014 crore for a 7-day tenor at a cut-off rate of 5.51%. Banks also accessed the Marginal Standing Facility (MSF) for ₹3,568 crore at 5.75%. As a result, net liquidity absorbed from today’s operations stood at ₹86,496 crore, indicating continued surplus absorption by the central bank.
Outstanding operations showed a net liquidity absorption of ₹28,118.95 crore. Combined with today’s operations, the RBI absorbed a net ₹1,14,614.95 crore overall. This signals the RBI’s intent to keep excess liquidity in check and support its monetary policy stance.
Scheduled commercial banks held cash balances of ₹8,43,531.91 crore with the RBI as on October 19, 2026. Furthermore, the average daily cash reserve requirement for the fortnight ending October 31, 2026, was ₹8,33,309 crore. Net durable liquidity stood at a comfortable surplus of ₹10,14,401 crore as on September 30, 2026, reflecting adequate systemic liquidity conditions.
Source: RBI Press Releases
