The Reserve Bank of India reported net liquidity absorption of ₹1,07,990 crore from the day’s operations, while outstanding operations provided a net injection of ₹76,735.05 crore. Overnight money-market transactions totalled ₹7.15 lakh crore.
BKK Bureau, New Delhi | 23 October 2026 | 1:00 PM IST
The Reserve Bank of India reported that the banking system recorded net liquidity absorption of ₹31,254.95 crore on October 22, 2026, after combining the day’s operations with outstanding transactions. The data was released in the central bank’s statement on money-market operations published on October 23.
The RBI’s calculation showed that the day’s operations resulted in net absorption of ₹1,07,990 crore. This reflected a one-day variable-rate repo operation of ₹50,006 crore at a cut-off rate of 5.54%, along with marginal standing facility borrowings of ₹3,746 crore at 5.75% and standing deposit facility placements of ₹1,61,742 crore at 5.25%.
Outstanding operations, including transactions conducted earlier, provided net liquidity injection of ₹76,735.05 crore. These included a seven-day repo operation of ₹1,00,014 crore conducted on October 19 at 5.51% and a 29-day reverse repo operation of ₹33,055 crore conducted on October 8 at 5.49%. The RBI also reported ₹9,776.05 crore availed under the Standing Liquidity Facility.
Overnight money-market activity amounted to ₹7,14,822.46 crore in one-leg volume, with a weighted average rate of 5.66%. Triparty repo accounted for the largest share at ₹5,22,241.70 crore, with a weighted average rate of 5.65%. Market repo volume stood at ₹1,74,353.65 crore at 5.67%, while call-money transactions totalled ₹12,966.21 crore at 5.69%.
Repo transactions in corporate bonds recorded volume of ₹5,260.90 crore in the overnight segment and carried a weighted average rate of 5.81%. Across the overnight segment, the reported rate range was 4.51% to 6.00%.
Activity in the term segment was smaller than in the overnight market. Notice-money transactions totalled ₹445.40 crore, with a weighted average rate of 5.68%. Term-money transactions amounted to ₹444 crore, with reported rates ranging from 5.50% to 6.65%. Term triparty repo volume was ₹935 crore at a weighted average rate of 5.73%, while term market repo stood at ₹332.85 crore at 5.98%.
Term repo in corporate bonds amounted to ₹1,106.56 crore and was reported at a rate of 7.20%. The RBI said its money-market data was based on information from the central bank and the Clearing Corporation of India Limited.
Scheduled commercial banks held cash balances of ₹8,45,922.05 crore with the RBI on October 22. The average daily cash reserve requirement for the fortnight ending October 31 was reported at ₹8,33,309 crore. The RBI also recorded the Government of India’s surplus cash balance reckoned for auction at ₹50,006 crore on October 22.
Net durable liquidity was reported at a surplus of ₹10,14,401 crore as of September 30, 2026. The RBI’s statement defines net liquidity as repo plus MSF plus SLF, less reverse repo and SDF.
Why it matters
The data provides an official snapshot of short-term funding conditions, liquidity operations and banks’ cash positions, including the scale and rates of RBI facilities used on October 22.
Source: Reserve Bank of India
Report discrepancies
Comments