The Reserve Bank of India released its money market operations data for October 24, 2026, a Saturday. All overnight segment activity, including call money, triparty repo, and market repo, recorded zero volume. Therefore, no weighted average rates or ranges applied for that session.
Key Details of RBI Money Market Operations
On October 24, the RBI conducted Marginal Standing Facility (MSF) operations worth ₹28,311 crore for a one-day tenor at a rate of 5.75%. Additionally, the Standing Deposit Facility (SDF) absorbed ₹1,99,912 crore overnight at 5.25%. As a result, net liquidity from today’s operations stood at a net absorption of ₹1,71,601 crore.
Outstanding repo operations also remained active. A 3-day variable rate repo of ₹50,003 crore and a 7-day repo of ₹1,00,014 crore were both maturing on October 26, 2026. Meanwhile, an outstanding reverse repo of ₹29,555 crore, initiated on October 8, remains due on November 6, 2026.
However, when combining today’s and outstanding operations, net liquidity turned negative. The RBI reported a net liquidity absorption of ₹38,895.95 crore on an outstanding basis, including today’s activity.
Reserve Position and Liquidity Outlook
Scheduled commercial banks held cash balances of ₹8,45,809.53 crore with the RBI as on October 24, 2026. This comfortably exceeded the average daily cash reserve requirement of ₹8,33,309 crore for the fortnight ending October 31, 2026. Therefore, banks maintained a surplus reserve position during this period.
The Government of India’s surplus cash balance, reckoned for auction as on October 23, stood at ₹50,003 crore. Additionally, the Standing Liquidity Facility availed from the RBI totalled ₹10,411.05 crore. Net durable liquidity, as on September 30, 2026, remained in strong surplus at ₹10,14,401 crore.
Overall, these RBI money market operations figures reflect a system still flush with durable liquidity, even as short-term absorption dominated day-to-day flows on this particular Saturday session.
Source: RBI Press Releases
