The Reserve Bank of India reported overnight money-market volume of ₹7 lakh crore and a weighted average rate of 5.56% on October 19, 2026. Its operations resulted in net liquidity absorption of ₹1,14,614.95 crore when outstanding operations were included.
BKK Bureau, New Delhi | 21 October 2026 | 12:56 PM IST
The Reserve Bank of India’s money-market data for October 19, 2026, showed total overnight-segment volume of ₹7,00,613.28 crore, with a weighted average rate of 5.56%. Transactions in the segment ranged from 4.85% to 6.00%, according to the central bank’s latest operations statement.
Triparty repo accounted for the largest share of overnight activity, with one-leg volume of ₹5,03,521.05 crore and a weighted average rate of 5.54%. Market repo recorded volume of ₹1,77,529.66 crore at an average rate of 5.62%, while call money volume stood at ₹13,586.97 crore at 5.66%. Repo transactions in corporate bonds amounted to ₹5,975.60 crore and carried an average rate of 5.75%.
In the term segment, notice money volume was ₹2,767.44 crore at a weighted average rate of 5.61%. Term money volume was ₹966 crore, with transactions reported in a range of 5.70% to 6.20%. Term triparty repo volume was ₹1,782.75 crore at 5.60%, while term market repo volume was ₹440.66 crore at 5.97%. Term repo in corporate bonds amounted to ₹40 crore at 6.35%.
For the day’s liquidity operations, the RBI conducted a seven-day variable-rate repo auction on October 19, maturing on October 26. The operation involved ₹1,00,014 crore at a cut-off rate of 5.51%. The central bank also recorded marginal standing facility borrowings of ₹3,520 crore for one day and ₹48 crore for two days, both at 5.75%.
On the deposit side, banks placed ₹1,87,158 crore with the RBI through the one-day Standing Deposit Facility and ₹2,920 crore through the two-day facility, both at 5.25%. The day’s operations resulted in net liquidity absorption of ₹86,496 crore, based on the RBI’s calculation of repo, MSF, SLF, reverse repo and SDF operations.
Including outstanding operations, the RBI reported net liquidity absorption of ₹1,14,614.95 crore. Outstanding operations included a reverse repo of ₹37,055 crore, initiated on October 8 for 29 days and carrying a rate of 5.49%. The RBI also reported ₹8,936.05 crore availed under its Standing Liquidity Facility.
The cash balances of scheduled commercial banks with the RBI stood at ₹8,43,531.91 crore on October 19. This was above the average daily cash reserve requirement of ₹8,33,309 crore for the fortnight ending October 31, 2026. The Government of India’s surplus cash balance reckoned for auction was ₹1,00,014 crore on the same date.
The RBI’s statement also placed net durable liquidity at a surplus of ₹10,14,401 crore as of September 30, 2026. The figures provide a snapshot of overnight funding conditions, short-term liquidity operations and banking-system reserve positions on the reported dates.
Why it matters
The data indicates the scale and pricing of short-term funding in India’s financial system, while also showing how much liquidity banks placed with or accessed from the RBI on October 19. It gives businesses, banks and policymakers an official view of money-market conditions and reserve positions.
Source: Reserve Bank of India
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