RBI money market operations data for October 16 show net absorption
According to the Reserve Bank of India, total net liquidity absorption stood at ₹1,99,647.95 crore as of October 16, 2026.
Growth Brief DeskPublished 1 min read
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Key facts
- Net liquidity absorbed through RBI operations stood at ₹1,99,647.95 crore as on October 16, 2026.
- Scheduled commercial banks' cash balances with RBI were ₹8,44,129.11 crore on October 16, 2026.
- Average daily cash reserve requirement for the fortnight ending October 31, 2026 was ₹8,33,309.00 crore.
- Overnight segment total volume across operations was ₹15,299.40 crore with a weighted average rate of 5.72%.
According to the Reserve Bank of India, total net liquidity absorbed through operations stood at ₹1,99,647.95 crore as of October 16, 2026. This includes net liquidity injected from today's operations at -₹1,51,299.00 crore and outstanding operations at -₹48,348.95 crore.
Scheduled commercial banks held cash balances of ₹8,44,129.11 crore with the RBI as of October 16, 2026. Meanwhile, the average daily cash reserve requirement for the fortnight ending October 31, 2026, was pegged at ₹8,33,309.00 crore.
Why it matters
RBI's daily money market operations data provides crucial visibility into systemic liquidity and banking sector health for investors, banks, and financial institutions. By tracking liquidity absorption and overnight rates, market participants can gauge short-term funding costs and cash availability in the system. This transparency helps financial entities manage their liquidity risk and short-term investments effectively, while also offering insights into how monetary policy is transmitting through the banking system.
- Economy
- RBI
Sources
Source: Reserve Bank of India