The Reserve Bank of India’s latest press release on money markets and liquidity operations showed a net liquidity absorption of ₹69,596.18 crore after including both the day’s operations and outstanding facilities.
The data, published by the RBI on July 21, 2026, covers money market volumes, weighted average rates, RBI liquidity operations and reserve positions. Amounts are reported in ₹ crore and rates in per cent. The figures are based on Reserve Bank of India and Clearing Corporation of India Limited data, according to the release.
Overnight money market volume
The total overnight segment volume was ₹6,70,648.83 crore on a one-leg basis. The weighted average rate for the overnight segment was 5.26 per cent, with the rate range reported at 0.01 per cent to 5.60 per cent.
Triparty repo accounted for the largest share within the overnight segment. Its volume stood at ₹4,69,428.30 crore, with a weighted average rate of 5.25 per cent and a range of 4.85 per cent to 5.42 per cent.
Market repo volume was ₹1,78,278.71 crore. The weighted average rate was 5.28 per cent, while the reported range was 0.01 per cent to 5.55 per cent.
Call money volume stood at ₹15,684.92 crore, with a weighted average rate of 5.34 per cent and a range of 4.60 per cent to 5.45 per cent. Repo in corporate bond reported volume of ₹7,256.90 crore, a weighted average rate of 5.42 per cent and a range of 5.40 per cent to 5.60 per cent.
Term money market details
In the term segment, notice money volume was ₹223.55 crore. The weighted average rate was 5.24 per cent, and the rate range was 5.05 per cent to 5.35 per cent. The release notes that notice money refers to uncollateralised transactions of 2 to 14 days tenor.
Term money volume was ₹638.00 crore. The RBI release did not provide a weighted average rate for this category, while the range was listed at 5.60 per cent to 5.85 per cent. Term money relates to uncollateralised transactions of 15 days to one year tenor.
Term triparty repo volume was ₹2,807.00 crore, with a weighted average rate of 5.29 per cent and a range of 5.25 per cent to 5.40 per cent. Term market repo volume was ₹95.76 crore at 5.60 per cent. Repo in corporate bond in the term segment showed no transaction.
RBI liquidity operations
Under the Liquidity Adjustment Facility, a variable rate repo operation was conducted on July 20, 2026, for a tenor of 7 days, maturing on July 27, 2026. The amount was ₹72,051.00 crore and the current rate or cut-off rate was 5.26 per cent.
The Marginal Standing Facility amount was ₹623.00 crore for a one-day tenor from July 20 to July 21, 2026, at 5.50 per cent. The Standing Deposit Facility amount was ₹1,53,619.00 crore for the same one-day period at 5.00 per cent.
The RBI reported net liquidity injected from the day’s operations at minus ₹80,945.00 crore. In the RBI’s calculation, net liquidity is worked out as repo plus MSF plus SLF minus reverse repo minus SDF. A negative figure represents net absorption under that formula.
Standing Liquidity Facility availed from the RBI was ₹11,348.82 crore. Net liquidity injected from outstanding operations was also ₹11,348.82 crore. After including the day’s operations and outstanding operations, the net figure was minus ₹69,596.18 crore.
Reserve position
The cash balances of scheduled commercial banks with the RBI stood at ₹8,18,816.68 crore as on July 20, 2026. The average daily cash reserve requirement for the fortnight ending July 31, 2026, was ₹8,15,720.00 crore.
The Government of India surplus cash balance reckoned for auction as on July 20, 2026, was ₹72,051.00 crore. The RBI also reported net durable liquidity surplus at ₹4,99,485.00 crore as on June 30, 2026.
The press release was issued as RBI Press Release 2026-2027/722 and carried the name of Ajit Prasad, Deputy General Manager, Communications.
Source: Reserve Bank of India Press Releases.