RBI Money Market Update: November 8, 2026
Data released by the Reserve Bank of India (RBI) for November 8, 2026, indicates a period of significant liquidity absorption within the banking system. The central bank reported a net liquidity absorption of ₹1,54,895.13 crore, a figure that combines both current daily operations and outstanding liquidity positions.
The daily operations for November 8 showed that the RBI absorbed ₹1,50,425.00 crore through the Standing Deposit Facility (SDF) at a rate of 5.25%. Conversely, the Marginal Standing Facility (MSF) saw an injection of ₹3,237.00 crore at a rate of 5.75%. These combined actions resulted in a net liquidity absorption of ₹1,47,188.00 crore for the day.
Regarding outstanding operations, the system reflected a net absorption of ₹7,707.13 crore. This included Reverse Repo operations totaling ₹18,133.00 crore at a 5.49% rate, alongside MSF and SDF balances from previous days. Additionally, the Standing Liquidity Facility (SLF) availed from the RBI stood at ₹10,306.87 crore.
The report also highlighted the cash reserve position of scheduled commercial banks. As of November 8, 2026, cash balances held with the RBI reached ₹8,45,958.05 crore. This figure remains above the average daily cash reserve requirement of ₹8,16,655.00 crore for the fortnight ending November 15, 2026.
Notably, the money market segments, including Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bonds, recorded zero volume for the day, with no transactions reported across either overnight or term segments.
For market observers, the absence of activity in the money market segments combined with the substantial liquidity absorption via the Standing Deposit Facility suggests a system currently characterized by surplus liquidity. Stakeholders should monitor these absorption levels closely, as they reflect the central bank's ongoing efforts to manage short-term liquidity conditions and maintain stability within the broader financial framework.
Why it matters
This report highlights the current liquidity management strategy of the RBI, showing significant absorption that impacts short-term funding conditions for financial institutions.
FAQ
What was the total net liquidity absorption reported for November 8, 2026?
The total net liquidity absorbed, including both outstanding and daily operations, was ₹1,54,895.13 crore.
How much liquidity was absorbed via the Standing Deposit Facility (SDF) on November 8?
The RBI absorbed ₹1,50,425.00 crore through the SDF at a rate of 5.25%.
What was the volume of transactions in the money market segments?
There were no transactions recorded in the money market segments, with volumes for all categories reported as 0.00.
Source: RBI Press Releases. See the original source for full details.
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