SMAR Daily Industry News

RBI Money Market Operations Snapshot for Nov 2 2026

The Reserve Bank of India released its money market operations for November 2 2026, highlighting an overnight segment volume of ₹7,81,658.23 crore with a weighted average rate of 5.62 percent, ranging between 4.80 and 5.95 percent. The overnight market comprised call money, triparty repo, market repo and repo in corporate bonds, with the largest share in triparty repo (₹5,70,314.05 crore at 5.61 percent).

In the term segment, notice money amounted to ₹377.00 crore at 5.39 percent, while term money showed a volume of ₹1,247.48 crore within a rate band of 5.60-7.75 percent. Triparty repo in the term segment recorded ₹4,923.60 crore at 5.57 percent, and repo in corporate bonds stood at ₹1,080.46 crore with a flat rate of 6.85 percent.

Today's liquidity operations included a marginal standing facility (MSF) injection of ₹2,831.00 crore at 5.75 percent and a standing deposit facility (SDF) absorption of ₹1,90,671.00 crore at 5.25 percent, resulting in a net liquidity outflow of ₹1,87,840.00 crore for the day. Outstanding operations added a reverse repo of ₹25,555.00 crore at 5.49 percent, while the standing liquidity facility availed from the RBI totaled ₹10,306.87 crore.

Overall net liquidity, combining today's and outstanding operations, showed a cumulative drain of ₹2,03,088.13 crore. Scheduled commercial banks held cash balances with the RBI of ₹8,42,195.31 crore, against an average daily cash reserve requirement of ₹8,16,655.00 crore for the fortnight ending November 15 2026. The Government of India reported a surplus cash balance of ₹0.00 crore for auction, and net durable liquidity as of October 15 2026 stood at ₹7,93,409.00 crore.

Why it matters

Bankers and investors track RBI liquidity moves to gauge short-term funding costs and market depth.

FAQ

What was the total overnight market volume on November 2 2026?
₹7,81,658.23 crore.

Which segment had the highest weighted rate?
Repo in corporate bond in the term segment at 6.85 percent.

How much net liquidity was injected or absorbed on the day?
A net outflow of ₹1,87,840.00 crore.

What were the cash reserves of scheduled commercial banks?
₹8,42,195.31 crore as of November 2 2026.

Source: RBI Press Releases. See the original source for full details.