The Reserve Bank of India’s latest money market and liquidity release showed overnight market activity of ₹13,837.39 crore, with the weighted average rate at 4.88 per cent. The data was published in RBI press release 2026-2027/612 and is based on Reserve Bank of India and Clearing Corporation of India Limited figures.
The reported overnight rate range was 4.00 per cent to 5.60 per cent. The largest part of the overnight segment came through triparty repo, while call money and market repo accounted for smaller shares. Repo in corporate bonds recorded no transaction in the overnight segment.
Overnight money market details
Within the overnight segment, triparty repo recorded a volume of ₹11,764.90 crore. Its weighted average rate was 4.88 per cent, with a rate range of 4.00 per cent to 5.14 per cent.
Call money volume stood at ₹744.55 crore. The weighted average call money rate was also 4.88 per cent, with transactions reported in the range of 4.50 per cent to 5.15 per cent.
Market repo volume was ₹1,327.94 crore. The weighted average rate in this category was 4.84 per cent, and the rate range was 4.01 per cent to 5.60 per cent.
In the term segment, notice money recorded a small volume of ₹3.35 crore at a weighted average rate of 4.85 per cent. The release showed no transactions in term money, term triparty repo, term market repo, or repo in corporate bonds.
RBI liquidity operations
The release also listed operations under the Liquidity Adjustment Facility, Marginal Standing Facility and Standing Deposit Facility. Under the day’s MSF operations, ₹8.00 crore was reported for a one-day tenor maturing on July 5, 2026, at 5.50 per cent. A further ₹15.00 crore was reported for a two-day tenor maturing on July 6, 2026, also at 5.50 per cent.
Under the Standing Deposit Facility, ₹1,74,396.00 crore was reported for a one-day tenor maturing on July 5, 2026, at 5.00 per cent. Another ₹5,210.00 crore was reported for a two-day tenor maturing on July 6, 2026, at the same rate.
For the day’s operations, the RBI reported net liquidity injected at minus ₹1,79,583.00 crore. In the RBI format, a positive number means injection and a negative number means absorption. The release states that net liquidity is calculated as repo plus MSF plus SLF minus reverse repo and SDF.
Outstanding operations and reserve position
For outstanding operations, the release listed no amount under two MSF entries dated July 3, 2026, maturing on July 5 and July 6. Under outstanding SDF, one entry was nil, while ₹1,493.00 crore was shown for a three-day tenor maturing on July 6, 2026, at 5.00 per cent.
The Standing Liquidity Facility availed from the RBI was ₹11,068.82 crore. Net liquidity injected from outstanding operations was ₹9,575.82 crore. After including both the day’s and outstanding operations, the net liquidity figure was minus ₹1,70,007.18 crore.
The cash reserves position of scheduled commercial banks showed cash balances with the RBI of ₹8,07,768.39 crore as on July 4, 2026. The average daily cash reserve requirement for the fortnight ending July 15, 2026, was ₹7,98,115.00 crore.
The Government of India surplus cash balance reckoned for auction was ₹0.00 crore as on July 3, 2026. The release also reported net durable liquidity at a surplus of ₹4,82,130.00 crore as on June 15, 2026.
Key figures from the release
- Overnight segment volume: ₹13,837.39 crore
- Overnight weighted average rate: 4.88 per cent
- Triparty repo volume: ₹11,764.90 crore
- Net liquidity including the day’s and outstanding operations: minus ₹1,70,007.18 crore
- Scheduled commercial bank cash balances with RBI: ₹8,07,768.39 crore
- Net durable liquidity as on June 15, 2026: ₹4,82,130.00 crore surplus
The release was issued by Ajit Prasad, Deputy General Manager in the RBI’s Communications department.
Source: Reserve Bank of India Press Releases.