The Reserve Bank of India absorbed net liquidity of ₹1,71,858 crore through its same-day operations, mainly via the Standing Deposit Facility. Including outstanding operations, net liquidity absorption stood at ₹39,082.95 crore.
BKK Bureau, New Delhi | 26 October 2026 | 3:28 PM IST
The Reserve Bank of India absorbed net liquidity of ₹1,71,858 crore through its operations conducted on October 25, 2026, according to the central bank’s money-market operations statement. The amount reflects ₹2,01,337 crore placed under the one-day Standing Deposit Facility (SDF), partly offset by ₹29,479 crore availed through the one-day Marginal Standing Facility (MSF).
The RBI’s statement lists both the SDF and MSF operations as maturing on October 26, 2026. The SDF carried a current rate of 5.25%, while the MSF carried a rate of 5.75%. The release reports no fixed-rate or variable-rate repo or reverse-repo operation for the day.
When outstanding operations are included, the RBI reported net liquidity absorption of ₹39,082.95 crore. Outstanding operations represented net liquidity injection of ₹1,32,775.05 crore, while the day’s operations resulted in absorption of ₹1,71,858 crore. The RBI calculates net liquidity as repo plus MSF plus the Standing Liquidity Facility, minus reverse repo and SDF.
Outstanding operations and market activity
The outstanding operations included two repo transactions. A three-day repo auction conducted on October 23 involved ₹50,003 crore at a 5.58% rate and was scheduled to mature on October 26. A seven-day repo auction conducted on October 19 involved ₹1,00,014 crore at a 5.51% rate, also maturing on October 26.
The outstanding transactions also included a reverse-repo operation of ₹29,555 crore conducted on October 8 for 29 days at a 5.49% rate. The transaction is scheduled to mature on November 6, 2026. Outstanding MSF operations included ₹4,639 crore from October 23 at 5.75%, while the statement showed no amount for the October 24 MSF operation. Outstanding SDF stood at ₹2,737 crore from October 23 at 5.25%, with no amount shown for October 24.
The RBI also reported ₹10,411.05 crore availed from its Standing Liquidity Facility. The statement notes that this figure includes refinance facilities extended by the RBI. Money-market activity recorded zero volume in the overnight segment, including call money, triparty repo, market repo and repo in corporate bonds. The term segment also showed zero volume across notice money, term money, triparty repo, market repo and corporate-bond repo.
Bank reserves and other liquidity indicators
Scheduled commercial banks’ cash balances with the RBI stood at ₹8,45,574.77 crore as on October 25, 2026. The average daily cash reserve requirement for the fortnight ending October 31 was ₹8,33,309 crore. The cash-balance figure was therefore reported alongside a higher amount than the stated average requirement in the RBI’s reserve-position table.
The RBI also reported the Government of India’s surplus cash balance reckoned for auction at ₹50,003 crore as on October 23, 2026. Separately, net durable liquidity was recorded at a surplus of ₹10,14,401 crore as on September 30, 2026. These figures form part of the reserve-position section of the central bank’s daily operations statement.
Why it matters
The release provides a detailed snapshot of the RBI’s liquidity operations, including the scale of funds absorbed through the SDF, funds accessed through the MSF, outstanding repo transactions and scheduled commercial banks’ cash balances with the central bank.
Source: Reserve Bank of India
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