RBI's money market operations report showed net liquidity absorption on July 9

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Highlights

On July 9, the total overnight market volume was ₹690,802.32 crore, with triparty repo accounting for ₹480,842.85 crore.
Net liquidity absorption from the day's operations was ₹120,978.00 crore, and total net liquidity injection stood at negative ₹110,894.18 crore.
On July 9, 2026, banks' cash balances with RBI were ₹787,542.58 crore, and the average daily CRR requirement was ₹798,115.00 crore.

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Market and RBI Operations on July 9

According to RBI press release 2026-2027/639, the total overnight segment volume, including call money, triparty repo, market repo, and corporate bond repo, stood at ₹690,802.32 crore. Of this, triparty repo accounted for the largest share at ₹480,842.85 crore, while call money was ₹24,893.22 crore and market repo was ₹178,345.95 crore.

In the overnight segment, the weighted average rate for call money was 5.34%, triparty repo 5.27%, market repo 5.30%, and corporate bond repo 5.38%. The rate range for the entire overnight segment was between 4.10% and 5.70%.

In the term segment, notice money was ₹89.00 crore, term money ₹661.00 crore, triparty repo ₹3,195.00 crore, and market repo ₹473.31 crore. There were no term repo transactions in corporate bonds.

Liquidity Position and Reserve Cash Indicators

In today's variable rate repo operation, RBI injected ₹46,729.00 crore, while ₹167,785.00 crore was absorbed under the Standing Deposit Facility. With ₹78.00 crore recorded under the Marginal Standing Facility, net liquidity absorption from the day's operations stood at ₹120,978.00 crore.

Under the Standing Liquidity Facility, ₹10,083.82 crore was utilized from the RBI. Including outstanding operations, the total net liquidity injection was negative ₹110,894.18 crore, indicating absorption of surplus liquidity from the system.

On July 9, 2026, scheduled commercial banks held ₹787,542.58 crore in cash balances with the RBI, while the average daily cash reserve requirement for the fortnight ending July 15, 2026, was ₹798,115.00 crore. The calculated surplus cash balance for Government of India auctions was ₹46,729.00 crore, and net durable liquidity surplus as of June 15, 2026, was ₹482,130.00 crore.

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