The Reserve Bank of India reported ₹50,007 crore of one-day repo operations and ₹1,25,597 crore parked through the Standing Deposit Facility on October 21. Overnight money-market transactions totalled ₹6.96 lakh crore, with a weighted average rate of 5.64%.
BKK Bureau, New Delhi | 22 October 2026 | 1:00 PM IST
The Reserve Bank of India recorded net liquidity absorption of ₹541.95 crore from outstanding operations including those conducted on October 21, according to its money-market operations statement released on October 22. The figure is calculated by the RBI as repo, MSF and SLF operations minus reverse repo and SDF operations.
Operations conducted on October 21 resulted in net liquidity absorption of ₹72,977 crore. The RBI conducted a one-day variable-rate repo operation for ₹50,007 crore at a cut-off rate of 5.52%. Banks also availed ₹2,613 crore through the one-day Marginal Standing Facility at 5.75%, while ₹1,25,597 crore was placed with the RBI through the one-day Standing Deposit Facility at 5.25%.
Outstanding operations from earlier dates provided ₹72,435.05 crore of net liquidity injection. This included a seven-day repo operation of ₹1,00,014 crore conducted on October 19 at 5.51%, maturing on October 26. The outstanding operations also included a 29-day reverse repo of ₹37,055 crore conducted on October 8 at 5.49%, with maturity scheduled for November 6.
The RBI reported ₹9,476.05 crore availed under the Standing Liquidity Facility. Combining this amount with the listed repo, MSF, reverse repo and SDF operations, the central bank reported net liquidity injection of negative ₹541.95 crore for outstanding operations including the day’s transactions.
Activity in the overnight money-market segment reached ₹6,95,661.81 crore on a one-leg volume basis. The weighted average rate across the segment was 5.64%, with transactions recorded in a range of 4.85% to 6.00%.
Triparty repo accounted for the largest share of overnight activity, with volume of ₹4,87,398.75 crore and a weighted average rate of 5.64%. Market repo volume stood at ₹1,90,233.33 crore, also at a weighted average rate of 5.64%. Call-money transactions totalled ₹11,933.13 crore at 5.65%, while repo in corporate bonds recorded ₹6,096.60 crore at 5.72%.
In the term segment, triparty repo volume was ₹2,402.50 crore at a weighted average rate of 5.70%. Market repo volume was ₹1,000 crore at 5.96%, and repo in corporate bonds was ₹154.05 crore at 6.90%. Notice-money transactions totalled ₹201 crore at 5.37%, while term-money transactions stood at ₹290 crore and were recorded in a rate range of 5.70% to 6.15%.
Scheduled commercial banks held cash balances of ₹8,46,959.44 crore with the RBI on October 21. 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 at ₹50,007 crore as on October 21.
Net durable liquidity was reported at a surplus of ₹10,14,401 crore as on September 30. The RBI’s figures are based on data from the central bank and the Clearing Corporation of India Limited, where applicable.
Why it matters
The statement provides a current official snapshot of liquidity conditions and short-term funding activity in India’s financial system. It shows the scale of overnight borrowing and lending, the rates at which different money-market instruments traded, and the combined effect of the RBI’s liquidity facilities on October 21.
Why it matters
The data gives banks, financial institutions and businesses an official view of short-term funding conditions, money-market rates and RBI liquidity operations on October 21, 2026.
Source: Reserve Bank of India
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