RBI money market operations report shows net liquidity absorption of ₹1.38 lakh crore on October 30

Traders Union
All News
Central Banks
RBI money market report

Highlights

On October 30, 2026, the RBI absorbed net liquidity of ₹122,343 crore through money market operations, while total net liquidity was negative ₹137,591.13 crore.
The overnight segment recorded total volume of ₹21,799.27 crore, with triparty repo accounting for the largest share at ₹13,048.70 crore and the weighted average rate at 5.70%.
Scheduled commercial banks held cash balances of ₹854,675.19 crore, above the average daily cash reserve requirement of ₹833,309 crore.

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

Money market and RBI operations on October 30

According to press release 2026-2027/1420 issued by the Reserve Bank of India, total overnight-segment volume on October 30, 2026, including call money, triparty repo, market repo, and repo in corporate bonds, was ₹21,799.27 crore. Triparty repo was the largest component at ₹13,048.70 crore, while call money stood at ₹2,257.10 crore, market repo at ₹1,171.82 crore, and repo in corporate bonds at ₹5,321.65 crore.

The weighted average rate in the overnight segment was 5.70%, with an overall range of 4.85% to 6.25%. The average rate was 5.40% for call money, 5.77% for triparty repo, 5.39% for market repo, and 5.72% for repo in corporate bonds.

In the term segment, triparty repo at ₹506,012.55 crore and market repo at ₹202,441.15 crore accounted for the largest share of trading. Notice money stood at ₹13,751.56 crore, term money at ₹728.25 crore, and repo in corporate bonds at ₹1,822.50 crore; the weighted average rate for corporate bond repo was the highest at 6.92%.

Under the RBI’s liquidity adjustment framework, the one-day MSF facility on October 30 stood at ₹43,865 crore, the three-day MSF at ₹4,300 crore, and the one-day SDF at ₹169,921 crore. Net liquidity absorption from the day’s operations was ₹122,343 crore, while net liquidity absorption from outstanding operations was ₹15,248.13 crore.

Banking system cash position and market signals

These figures indicate that banks tended to park surplus funds with the RBI that day, as SDF usage exceeded that of the MSF and other liquidity injection facilities. With total net liquidity, including the day’s and outstanding operations, at negative ₹137,591.13 crore, the figures point to system-wide absorption.

Scheduled commercial banks held cash balances of ₹854,675.19 crore with the RBI as of October 30, 2026. The average daily cash reserve requirement for the fortnight ending October 31, 2026, was ₹833,309 crore, indicating that the banking system maintained cash above regulatory reserve requirements.

The surplus cash balance calculated for the Government of India auction was zero on October 30, 2026. Meanwhile, the net durable liquidity surplus stood at ₹1,014,401 crore as of September 30, 2026, showing that the system’s broader durable liquidity base remained positive despite short-term operational absorption.

Our previous report on the RBI Monetary Policy Committee (MPC) October policy decision discussed a possible repo rate hike amid rising retail inflation, crude oil above $100 per barrel, and pressure on the rupee. It also noted that markets were watching not only the rate decision but also signals of further policy tightening, which could affect borrowing costs and financial conditions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.