The Reserve Bank of India released data on RBI money market operations for October 26, 2026. The overnight segment recorded a total volume of ₹6,99,171.74 crore. The weighted average rate stood at 5.74%, reflecting stable short-term liquidity conditions.
Key Highlights of RBI Money Market Operations
The overnight segment was dominated by Triparty Repo, which clocked ₹4,88,510 crore at a weighted average rate of 5.74%. Meanwhile, Call Money volume reached ₹14,747.62 crore, with rates ranging from 4.30% to 5.90%. Additionally, Market Repo contributed ₹1,88,232.47 crore, while Repo in Corporate Bond added ₹7,681.65 crore at a higher rate of 5.87%.
The term segment saw comparatively lower activity. Notice Money stood at ₹98 crore at 5.30%, and Term Money totalled ₹358 crore. However, volumes here remained modest against the overnight segment’s dominant share.
RBI Liquidity Operations and Reserve Position
Under the Liquidity Adjustment Facility, the RBI conducted a Variable Rate Repo operation of ₹1,50,007 crore on October 26, 2026, at a cut-off rate of 5.55%, maturing on October 30. The Marginal Standing Facility (MSF) saw banks borrow ₹17,385 crore at 5.75%. As a result, net liquidity from today’s operations showed an absorption of ₹14,869 crore.
The Standing Deposit Facility (SDF) absorbed ₹1,82,261 crore overnight at 5.25%. Therefore, the net liquidity position, including outstanding operations, reflected a total absorption of ₹34,082.13 crore. The Standing Liquidity Facility availed from RBI amounted to ₹10,341.87 crore.
Scheduled commercial banks held cash balances with the RBI worth ₹8,45,510.55 crore on October 26, 2026. The average daily cash reserve requirement for the fortnight ending October 31, 2026, stood at ₹8,33,309 crore. Additionally, net durable liquidity as of September 30, 2026, remained in surplus at ₹10,14,401 crore.
What This Means for Borrowers and Banks
Short-term rates hovering around 5.74% suggest the RBI is carefully managing system liquidity. For example, the net absorption signals the central bank is mopping up excess funds to keep inflation in check. Banks and borrowers should therefore monitor upcoming LAF auctions closely for any shifts in monetary conditions.
Source: RBI Press Releases
