RBI's money market operations report showed liquidity absorption on June 11

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Highlights

On June 11, 2026, the total volume of the overnight money market was ₹7,23,737.09 crore and the average rate was 5.14 percent.
Net liquidity absorption of ₹1,92,961.00 crore was recorded that day through RBI's MSF and SDF operations.
On June 11, 2026, the net liquidity position stood at an absorption of ₹1,58,987.21 crore, and banks' cash balances with the RBI were ₹7,61,893.16 crore.

This article was translated from the original. Read the original version by our correspondent here.

Market Operations and Rates on June 11

According to a Reserve Bank of India press release 2026-2027/439, the total turnover in the overnight money market segment, including call money, triparty repo, market repo, and repo in corporate bonds, was ₹7,23,737.09 crore. In this segment, call money volume was ₹16,981.69 crore, triparty repo ₹5,15,214.50 crore, market repo ₹1,84,830.60 crore, and corporate bond repo ₹6,710.30 crore.

The weighted average rate in the overnight segment was 5.14 percent, while call money stood at 5.27 percent, triparty repo at 5.13 percent, market repo at 5.16 percent, and corporate bond repo at 5.28 percent. The range of rates in the overnight aggregate segment was between 1.00 percent and 5.40 percent.

In the term segment, notice money turnover was ₹257.60 crore at a weighted average rate of 5.28 percent. Term money showed a volume of ₹990.20 crore, while triparty repo stood at ₹4,872.00 crore and market repo at ₹3,335.95 crore; there were no transactions in term repo in corporate bonds.

Liquidity Position and Banking Impact

On the same day, RBI’s operational activities recorded ₹446.00 crore under MSF at 5.50 percent and ₹1,93,407.00 crore under SDF at 5.00 percent. These daily operations resulted in a net liquidity absorption of ₹1,92,961.00 crore.

Outstanding operations included ₹23,680.00 crore under the 4-day variable rate repo arrangement of June 8, 2026, at 5.26 percent, with a maturity date of June 12, 2026. Under SLF, a facility of ₹10,293.79 crore was availed from RBI, resulting in a net liquidity injection of ₹33,973.79 crore from outstanding operations.

Combining both daily and outstanding operations, the net liquidity position stood at an absorption of ₹1,58,987.21 crore. The cash balance of scheduled commercial banks with RBI on June 11, 2026, was ₹7,61,893.16 crore, while the average daily cash reserve requirement for the fortnight ending June 15, 2026, was ₹7,90,713.00 crore.

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