Money Market Operations as on September 09, 2026
(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS @ --> Money Markets @ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,81,467.94 4.53 1.00-5.52 I. Call Money 11,923.12 4.99 4.40-5.18 II. Triparty Repo 4,86,499.45 4.59 4.30-5.00 III. Market Repo 1,76,681.42 4.34 1.00-5.52 &nbs
The global cryptocurrency sector saw a slight contraction on September 10, with total digital asset valuation dropping 0.75 per cent to US$2.66T. Investors were primarily taking profits after a robust multi-week upward trend. The shift in capital back towards Bitcoin, the leading virtual coin, was observed, but this internal consolidation showed no direct correlation with traditional macroeconomic indicators.
Traditional financial markets were facing their own set of challenges, including sharp declines in global equities and government bonds due to rising energy prices, increased borrowing costs, and geopolitical tensions. In the cryptocurrency sector, the primary reason for the valuation correction was routine profit-taking following a 20 per cent monthly rally.
Total crypto capitalisation had gained 20.23 per cent over the past 30 days before hitting a recent peak. The 24-hour spot trading volume surged 18 per cent, signalling traders selling their holdings to secure capital. This reaction was considered normal and healthy for a mature ecosystem that required time to digest recent gains and establish a solid foundation for future upward movements.
The key technical level to watch was the 30-day simple moving average, currently at US$2.51T. Holding above this level would indicate that buyers still control the broader narrative despite short-term profit-taking. A failure to defend this moving average could lead to additional sellers and accelerate the current downward momentum.
The dominance of Bitcoin remained at 59.03 per cent, showing that institutional and retail investors preferred the largest cryptocurrency during uncertain times. The Altcoin Season Index dropped 23.53 per cent, reflecting the widespread abandonment of smaller speculative assets. Investors were rotating their funds defensively into Bitcoin to protect their capital from extreme volatility.
Total open interest across major perpetual futures contracts fell by 3.93 per cent as leveraged speculators unwound their overly optimistic positions. Lower perpetual funding rates meant that buyers no longer paid a premium to maintain long positions, further contributing to the spot valuation decline.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
