The Reserve Bank of India reported net liquidity absorption of ₹2,42,481.95 crore after accounting for current-day and outstanding operations. Overnight money-market transactions totalled ₹7,29,578.45 crore, with a weighted average rate of 5.70%.
BKK Bureau, New Delhi | 17 October 2026 | 10:57 AM IST
The Reserve Bank of India absorbed net liquidity of ₹2,42,481.95 crore through its operations outstanding and conducted on October 15, 2026, according to the central bank’s money-market operations statement. The figure represents the net position after accounting for repo, marginal standing facility and standing liquidity facility operations against reverse repo and standing deposit facility transactions.
On October 15, the RBI reported a net liquidity absorption of ₹1,88,553 crore from the day’s operations. The central bank conducted a one-day variable-rate reverse repo operation for ₹9,562 crore at a cut-off rate of 5.49%. Banks also accessed ₹630 crore through the one-day marginal standing facility at 5.75%, while ₹1,79,621 crore was placed with the RBI through the one-day standing deposit facility at 5.25%.
Outstanding operations contributed a further net liquidity absorption of ₹53,928.95 crore. These included reverse repo transactions of ₹18,170 crore maturing on October 19 and ₹42,655 crore maturing on November 6, both carrying a current rate of 5.49%. The RBI also reported ₹6,896.05 crore availed under its standing liquidity facility.
Activity in the overnight money-market segment amounted to ₹7,29,578.45 crore on a one-leg basis, with a weighted average rate of 5.70%. Triparty repo accounted for the largest portion at ₹5,16,439.90 crore, with a weighted average rate of 5.71%. Market repo volume stood at ₹1,90,848.13 crore at a weighted average rate of 5.64%.
Call-money transactions recorded volume of ₹17,180.77 crore and a weighted average rate of 5.75%. Repo transactions in corporate bonds totalled ₹5,109.65 crore, with a weighted average rate of 5.86%. The overall overnight-segment rate range was 3.00% to 6.00%.
Trading in the term segment was smaller. Notice-money transactions, covering uncollateralised transactions with maturities of two to 14 days, stood at ₹273.50 crore at a weighted average rate of 5.59%. Term-money transactions, covering maturities from 15 days to one year, totalled ₹619 crore, with the reported rate range at 5.65% to 6.05% and no weighted average rate shown.
Term triparty repo volume was ₹190 crore at a weighted average rate of 5.82%, while term market repo stood at ₹450.37 crore at 5.94%. The RBI reported no transactions in term repo in corporate bonds.
The cash balances of scheduled commercial banks with the RBI stood at ₹8,05,178.09 crore on October 15. The average daily cash reserve requirement for the fortnight ending on the same date was ₹8,17,219 crore. The government of India’s surplus cash balance reckoned for auction was reported at zero.
The RBI also reported net durable liquidity of ₹10,14,401 crore as of September 30, 2026. The money-market data is based on information from the RBI and the Clearing Corporation of India Limited, according to the release.
Why it matters
The RBI’s statement provides a same-day snapshot of liquidity management, banking-system cash positions and short-term borrowing costs. It also shows the scale of overnight-market activity and the relative contribution of triparty repo, market repo and call-money transactions.
Source: Reserve Bank of India
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