Overnight Market Dominates: Massive Liquidity Absorption Recorded as RBI Manages Money Market Operations on June 9, 2026
Money Market Volumes Show Resilience Across Segments
The money market operations on June 9, 2026, revealed high levels of activity across various segments. The total volume in the Overnight segment reached ₹7,27,304.60 crore. This segment included significant participation in Triparty Repo, which accounted for ₹5,19,605.55 crore, maintaining a weighted average rate of 5.18%.Call Money transactions registered a volume of ₹18,485.71 crore, trading at a weighted average rate of 5.27%, within a range of 4.60-5.40%. The Market Repo segment also saw robust activity, with volumes totaling ₹1,83,099.84 crore and maintaining a consistent weighted average rate of 5.18%.
In the Term Segment, Triparty Repo transactions stood at ₹2,902.60 crore, operating within the 5.00-5.35% range. Meanwhile, Market Repo in the term segment held at a volume of ₹711.17 crore, reporting a weighted average rate of 5.55%.
Key RBI Interventions and Rate Management
The Reserve Bank of India actively managed systemic liquidity through Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). On this day's operations, the MSF facility was utilized for ₹125.00 crore, priced at a rate of 5.50%.Simultaneously, the SDF facility registered a balance of ₹1,80,346.00 crore, with an associated interest rate of 5.00%. This indicated targeted liquidity management through these two crucial instruments.
In previously outstanding operations, specifically Repo Operations from Monday, June 8, 2026, the volume recorded was ₹23,680.00 crore at a rate of 5.26%, with a tenor covering 4 days maturity until Friday, June 12, 2026.
Net Liquidity Absorption Dynamics in System
The combined effect of today’s and outstanding operations resulted in significant net liquidity absorption across the banking system. The total amount absorbed through Outstanding Operations was 33,008.97. This figure, when combined with today's operations, contributed to a comprehensive net absorption of ₹1,47,212.03 crore.This overall trend signals a tightening of systemic liquidity as reported by the RBI operations data. The Standing Liquidity Facility (SLF) availed from the RBI recorded an amount of 9,328.97, reflecting banks' utilization of emergency liquidity support mechanisms.
Commercial Bank Reserve Positions
As of June 09, 2026, the Cash Reserves Position for Scheduled Commercial Banks with the RBI stood at ₹7,72,800.55 crore. This figure was compared against the average daily cash reserve requirement calculated for the fortnight ending June 15, 2026, which stood at ₹7,90,713.00 crore.The data also noted that the Government of India Surplus Cash Balance reckoned for auction as of June 09, 2026, was ₹0.00. Net durable liquidity, recorded previously as of May 15, 2026, held a surplus valued at ₹2,65,955.00 crore.
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