The Reserve Bank of India (RBI) released its money market operations data for September 29, 2026. The report shows significant liquidity absorption activity across overnight and term segments. Overall, the figures reflect the RBI’s continued focus on managing short-term liquidity in the banking system.
Key Highlights of Money Market Operations
The overnight segment recorded a total volume of ₹7,44,523.52 crore. The weighted average rate across this segment stood at 5.05%, with rates ranging between 3.00% and 5.35%. Triparty Repo dominated overnight activity, contributing ₹5,37,487.20 crore at a weighted average rate of 5.05%.
Call Money volumes reached ₹19,256.60 crore, with a weighted average rate of 5.08%. Meanwhile, Market Repo contributed ₹1,78,252.42 crore. Additionally, Repo in Corporate Bonds added ₹9,527.30 crore at a slightly higher rate of 5.21%.
In the term segment, Notice Money recorded ₹295.70 crore at 5.13%. Term Money transactions ranged between 5.80% and 6.15%. However, Repo in Corporate Bonds under the term segment saw no transactions on this date.
RBI Liquidity Operations and Reserve Position
The RBI conducted a Variable Rate Reverse Repo operation worth ₹1,19,048 crore on September 29, 2026, at a cut-off rate of 5.24%. As a result, net liquidity injected from today’s operations stood at a net absorption of ₹3,27,407 crore. This indicates the RBI actively drained excess funds from the banking system.
The Marginal Standing Facility (MSF) saw utilisation of ₹5,880 crore at 5.50%. The Standing Deposit Facility (SDF) absorbed ₹1,80,469 crore at 5.00%. Therefore, net liquidity, including outstanding operations, reflected a total absorption of ₹4,66,404.34 crore.
Scheduled Commercial Banks held cash balances of ₹8,05,011.55 crore with the RBI as of September 29, 2026. Their average daily cash reserve requirement for the fortnight ending September 30, 2026, was ₹8,21,989 crore. Net durable liquidity as of August 31, 2026, remained in surplus at ₹10,66,303 crore, reflecting comfortable systemic liquidity conditions overall.
Source: RBI Press Releases
