Overnight money market volumes crash to zero on Aug 15-16 holidays

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.