# Overnight money market volumes crash to zero on Aug 15-16 holidays 2026-08-17T06:27:59+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet (3 source reports) The Reserve Bank of India (RBI) reported zero volume across all overnight and term money market segments on August 15 and August 16, 2026, as per its daily data releases. On August 14, the overnight segment had recorded a total volume of Rs 5,92,337.70 crore with a weighted average rate of 5.09 per cent. During the two non-working days, only RBI's standing facilities saw activity. On August 15, banks parked Rs 2,29,043 crore under the Standing Deposit Facility (SDF) at 5.00 per cent, and drew Rs 174 crore through the Marginal Standing Facility (MSF) at 5.50 per cent. On August 16, SDF absorption rose to Rs 1,95,685 crore while MSF borrowing increased to Rs 509 crore. The figures indicate ample systemic liquidity over the Independence Day weekend, with banks choosing to deposit surplus funds rather than lend in the interbank market. The RBI releases money market operations data daily, tracking volumes and rates across call money, repo, and term segments alongside its own liquidity operations. ## Coverage - rbi.org.in - rbi.org.in (2) - rbi.org.in (3) This story was synthesised by AI from the 3 sources linked above. Updated: this story now draws on 3 sources. Last updated 2026-09-27T06:17:56+00:00. Tags: call money, liquidity adjustment facility, Mumbai, RBI, repo rate Canonical: https://indianopinion.org/rbi-mops-up-rs-80235-crore-via-repo-call-money-rate-at-5-23/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-mops-up-rs-80235-crore-via-repo-call-money-rate-at-5-23/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/