The Reserve Bank of India reported net liquidity absorption of ₹1,99,647.95 crore through outstanding and same-day operations on October 16, 2026. Banks’ cash balances with the RBI stood above their average daily cash reserve requirement for the fortnight ending October 31.
BKK Bureau, New Delhi | 19 October 2026 | 1:02 PM IST
The Reserve Bank of India absorbed a net ₹1,99,647.95 crore through its outstanding and same-day liquidity operations on October 16, according to the central bank’s money-market operations data. The figure represents the RBI’s calculation of net liquidity injected, with a negative amount indicating absorption under the formula specified in the release.
Same-day operations accounted for net absorption of ₹1,51,299 crore. The RBI conducted one-day Marginal Standing Facility operations amounting to ₹8,316 crore at 5.75%, while one-day Standing Deposit Facility operations totalled ₹1,58,474 crore at 5.25%. A further ₹1,141 crore was placed under the three-day SDF operation at the same rate. There were no two-day MSF or SDF operations and no three-day MSF operation reported for the day.
Outstanding operations resulted in additional net absorption of ₹48,348.95 crore. These included reverse-repo operations of ₹18,170 crore with a 10-day tenor maturing on October 19 and ₹38,655 crore with a 29-day tenor maturing on November 6, both carrying a rate of 5.49%. The RBI also reported ₹8,476.05 crore availed through its Standing Liquidity Facility.
In the overnight money market, transactions across call money, triparty repo, market repo and repo in corporate bonds totalled ₹15,299.40 crore on a one-leg volume basis. The weighted average rate for the overnight segment was 5.72%, with rates ranging from 4% to 6%.
Triparty repo accounted for the largest overnight volume at ₹8,616.90 crore, with a weighted average rate of 5.76%. Repo in corporate bonds recorded ₹4,924.65 crore at an average rate of 5.81%. Call money volume was ₹1,475.35 crore at 5.39%, while market repo volume stood at ₹282.50 crore at 5%.
Activity in the term segment was substantially higher than in the overnight segment. Term triparty repo volume was ₹5,29,485.75 crore at a weighted average rate of 5.72%, while term market repo volume was ₹1,81,270.34 crore at 5.67%. Notice money transactions stood at ₹14,692.12 crore at an average rate of 5.81%. Term money volume was ₹1,411 crore, with transactions ranging from 5.75% to 6.25%. No term repo-in-corporate-bond transaction was reported.
Scheduled commercial banks’ cash balances with the RBI were ₹8,44,129.11 crore on October 16. The average daily cash reserve requirement for the fortnight ending October 31 was ₹8,33,309 crore. The RBI also reported the Government of India’s surplus cash balance reckoned for auction as zero on the date.
Separately, the RBI’s data showed net durable liquidity at a surplus of ₹10,14,401 crore as of September 30. The release notes that the cash-balance figure includes the Foreign Exchange Risk Reserve in line with two RBI foreign-exchange circulars dated October 10 and October 12, 2026.
Why it matters
The data provide a same-day snapshot of liquidity conditions in India’s banking and money markets, including the scale of RBI absorption, short-term borrowing rates and banks’ cash holdings relative to their reserve requirement.
Source: Reserve Bank of India
Report discrepancies
Comments