RBI Money Market Operations: June 13, 2026

RBI's Liquidity Adjustment Facility framework comprises multiple instruments to manage system liquidity. On June 13, 2026, the primary absorption mechanism was the Standing Deposit Facility, which allows scheduled commercial banks to deposit funds with the RBI at fixed rates during specified periods. The massive SDF absorption of over ₹1,85,000 crore across various tenors indicated banks preferred parking surplus liquidity with RBI rather than deploying in interbank markets. The complete absence of transactions in overnight call money, triparty repo, and market repo segments suggests banks anticipated tighter liquidity ahead and preferred to maintain precautionary balances. Outstanding MSF borrowing of ₹1,445 crore for three-day tenor reflected some banks' need for short-term funding support. Cash reserves position of scheduled commercial banks at ₹7,64,120.75 crore fell short of the average daily requirement of ₹7,90,713 crore, indicating potential CRR compliance pressures. The net durable liquidity surplus of ₹2,65,955 crore as of May 15, 2026 provided broader comfort, though daily fluctuations created operational challenges. Government of India's surplus cash balance reckoned for auction purposes remained nil, suggesting no additional liquidity support from fiscal channels on that date.