The Reserve Bank of India’s press release dated July 2, 2026 reported activity across money markets, RBI liquidity operations and reserve positions. The figures are stated in ₹ crore, while rates are shown in per cent.
According to the release, the overnight money market segment recorded total volume of ₹7,02,044.22 crore on a one-leg basis. The weighted average rate for the segment was 5.23 per cent, with the rate range reported between 4.00 per cent and 5.50 per cent.
Overnight money market activity
Triparty repo accounted for the largest share of the overnight segment. It recorded volume of ₹5,07,156.80 crore with a weighted average rate of 5.22 per cent. The rate range for this segment was 5.00 per cent to 5.34 per cent.
Market repo volume stood at ₹1,67,820.87 crore. Its weighted average rate was 5.23 per cent, with the range at 4.00 per cent to 5.45 per cent.
Call money volume was ₹21,115.55 crore. The weighted average rate was 5.28 per cent and the rate range was 4.20 per cent to 5.40 per cent. Repo in corporate bonds reported volume of ₹5,951.00 crore at a weighted average rate of 5.40 per cent, with a range of 5.37 per cent to 5.50 per cent.
Term segment details
In the term segment, notice money volume was ₹71.50 crore. The weighted average rate was 5.09 per cent and the rate range was 4.85 per cent to 5.25 per cent. Notice money refers to uncollateralised transactions of 2 to 14 days tenor, as specified in the release.
Term money volume was ₹1,580.00 crore. The release did not provide a weighted average rate for this item, while the reported rate range was 5.45 per cent to 6.60 per cent. Term money covers uncollateralised transactions of 15 days to one year tenor.
Triparty repo in the term segment stood at ₹2,555.25 crore, with a weighted average rate of 5.20 per cent and a range of 5.15 per cent to 5.40 per cent. Market repo volume was ₹93.49 crore at 5.35 per cent. Repo in corporate bonds recorded no transaction in this segment.
RBI liquidity operations
Under the Liquidity Adjustment Facility, Marginal Standing Facility and Standing Deposit Facility section, the release listed a variable rate repo operation auctioned on July 1, 2026. The operation had a two-day tenor, maturing on July 3, 2026, for ₹29,695.00 crore at a current or cut-off rate of 5.26 per cent.
MSF of ₹78.00 crore was recorded for one day, auctioned on July 1 and maturing on July 2, at 5.50 per cent. The Standing Deposit Facility amount was ₹1,27,600.00 crore for one day, also auctioned on July 1 and maturing on July 2, at 5.00 per cent.
The net liquidity injected from today’s operations was reported at minus ₹97,827.00 crore. Under the RBI’s stated formula, net liquidity is calculated as repo plus MSF plus SLF minus reverse repo minus SDF. A negative figure represents absorption.
The Standing Liquidity Facility availed from the RBI stood at ₹11,358.82 crore. Net liquidity injected from outstanding operations was also ₹11,358.82 crore. Including today’s operations and outstanding operations, net liquidity injected was reported at minus ₹86,468.18 crore.
Reserve position
Scheduled commercial banks’ cash balances with the RBI stood at ₹8,77,701.88 crore as on July 1, 2026. The average daily cash reserve requirement for the fortnight ending July 15, 2026 was ₹7,98,115.00 crore.
The Government of India surplus cash balance reckoned for auction as on July 1, 2026 was ₹29,695.00 crore. Net durable liquidity was reported as a surplus of ₹4,82,130.00 crore as on June 15, 2026.
The data was issued as RBI Press Release 2026-2027/590. The release was signed by Ajit Prasad, Deputy General Manager, Communications.
Source: Reserve Bank of India Press Releases.
