The Reserve Bank of India released its Money Market Operations statement for September 16, 2026. The press release was signed by Ajit Prasad, Deputy General Manager (Communications).
Money-market activity on September 16 (one-leg volumes): the overnight segment recorded total volume of ₹7,18,168.02 crore with a weighted average rate of 4.81% (range 2.00–5.40%). Segment breakdown: Call Money ₹13,358.71 crore (W.A. 5.02%, range 4.60–5.15); Triparty Repo ₹5,19,954.50 crore (W.A. 4.87%, range 4.70–5.05); Market Repo ₹1,78,212.76 crore (W.A. 4.63%, range 2.00–5.40); Repo in Corporate Bond ₹6,642.05 crore (W.A. 5.00%, range 4.95–5.35).
Term-segment activity: Notice Money ₹198.00 crore (W.A. 5.05%, range 4.80–5.90); Term Money ₹1,141.00 crore (range 5.35–5.95; weighted average rate not available); Term Triparty Repo ₹3,545.00 crore (W.A. 5.08%, range 4.75–5.30); Term Market Repo ₹118.62 crore (W.A. 5.36%, range 5.00–5.45); Repo in corporate bonds (term) ₹0.00 crore.
RBI liquidity operations on September 16 included reverse-repo variable-rate auctions (1-day) with amounts of ₹2,50,025.00 crore and ₹40,302.00 crore, both at cut-off 5.24%. Marginal Standing Facility (MSF) usage was ₹308.00 crore at a cut-off of 5.50. Standing Deposit Facility (SDF) absorption was ₹1,35,853.00 crore at 5.00. Standing Liquidity Facility (SLF) availed from RBI was ₹3,584.11 crore.
The RBI reported net liquidity absorbed from today's operations as ₹-4,25,872.00 crore; net absorption from outstanding operations ₹-3,11,640.89 crore; and combined net absorption (outstanding including today's operations) ₹-7,37,512.89 crore. (The release notes net liquidity is calculated as Repo + MSF + SLF − Reverse Repo − SDF.)
Reserve-position items in the release: cash balances with RBI as on September 16, 2026 were ₹8,16,490.88 crore; average daily cash reserve requirement for the fortnight ending September 30, 2026 was ₹8,21,989.00 crore; Government of India surplus cash balance reckoned for auction as on September 16, 2026 was ₹0.00; and net durable liquidity as on August 31, 2026 was ₹10,66,303.00 crore.