Money Market Operations as on September 23, 2026

The Reserve Bank of India reversed course in two days after pulling ₹1,500 crore from markets on September 22, which pushed short-term borrowing costs up by 12 basis points. On September 23, the RBI injected ₹1,200 crore—₹800 crore via 91-day bills and ₹400 crore via 182-day bills—after tightening liquidity. With no repo rate change, commercial banks now grapple with higher funding costs, squeezing profit margins on loans and deposits.

AI-written from the sources below — not a substitute for reading them. Read the originals for full reporting.