The Reserve Bank of India released its money market operations data for October 28, 2026. Overall, the overnight segment recorded a total volume of ₹7,27,784.70 crore, with a weighted average rate of 5.59%. This reflects active participation across all key money market instruments on the day.
Key Details of RBI Money Market Operations
Call money transactions stood at ₹18,241.55 crore, with a weighted average rate of 5.68%. Meanwhile, Triparty Repo dominated the overnight segment at ₹5,11,103.10 crore, settling at a rate of 5.57%. Market Repo added another ₹1,92,162.95 crore, while Repo in Corporate Bonds contributed ₹6,277.10 crore at 5.76%.
In the term segment, Notice Money recorded ₹135 crore at 5.33%. Additionally, Term Money volumes reached ₹661.90 crore, with rates ranging between 5.45% and 6.90%. Term Market Repo settled at 6.00%, and Repo in Corporate Bond for the term segment touched 7.50%.
RBI Liquidity Operations and Reserve Position
On October 28, 2026, the RBI absorbed ₹1,46,807 crore through the Standing Deposit Facility (SDF) at 5.25%. However, the Marginal Standing Facility (MSF) saw a much smaller utilisation of ₹495 crore at 5.75%. As a result, net liquidity from today’s operations showed an absorption of ₹1,46,312 crore.
Outstanding operations showed a Variable Rate Repo of ₹1,50,007 crore maturing on October 30, 2026, at 5.55%. The Reverse Repo outstanding stood at ₹25,555 crore, maturing on November 6, 2026. Therefore, net liquidity from outstanding operations reflected an injection of ₹1,32,858.87 crore, while overall net liquidity, including today’s operations, showed a deficit of ₹13,453.13 crore.
Scheduled commercial banks maintained cash balances of ₹8,47,924.39 crore with the RBI as on October 28, 2026. Their average daily cash reserve requirement for the fortnight ending October 31, 2026 was ₹8,33,309 crore. Additionally, net durable liquidity as of September 30, 2026 stood at a surplus of ₹10,14,401 crore, indicating comfortable systemic liquidity over the longer term.
Source: RBI Press Releases
