**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 02, 2026, reports on the money market operations as of February 01, 2026. It details overnight and term segment volumes, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF), and the cash reserve position of scheduled commercial banks. The information covers today's and outstanding operations.
**Key Points / Main Content**
* **Money Market Segments (Volumes and Weighted Average Rates):**
* Overnight Segment: Volume is 0.00 for Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* Term Segment: Volume is 0.00 for Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **RBI Operations (Liquidity Adjustment Facility, Marginal Standing Facility & Standing Deposit Facility):**
* **Today's Operations:**
* Variable Rate Repo Operation: 614.00 Crore at 5.50%
* Variable Rate SDFA: 1,98,361.00 Crore at 5.00%
* MSF: Injected 1,97,747.00 Crore in net liquidity.
* **Outstanding Operations:**
* Variable Rate Repo Operation: 25,004.00 Crore at 5.34% (Maturing on 30/04/2026)
* Variable Rate Reverse Repo Operation: 1,11,500.00 Crore at 5.26% (Maturing on 30/04/2026)
* MSF: 172.00 Crore at 5.50% (Maturing on 02/02/2026) and 1,240.00 at 5.50% (Maturing on 02/02/2026)
* SDFA: 36,047.00 Crore at 5.00% (Maturing on 02/02/2026) and 6,016.00 at 5.00% (Maturing on 02/02/2026)
* Standing Liquidity Facility (SLF) Availed from RBI: 13,252.05 Crore
* Net Liquidity Injection (Outstanding Operations): 1,09,105.05 Crore
* Net Liquidity Injected (Outstanding Including Today's Operations): -88,641.95 Crore
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI (as of February 01, 2026): ₹8,57,640.31 Crore.
* Average Daily Cash Reserve Requirement for the Fortnight Ending (February 15, 2026): ₹7,52,476.00 Crore.
* **Government of India Surplus Cash Balance Reckoned for Auction as on**
* January 30, 2026: ₹1,36,504.00 Crore.
* **Net Durable Liquidity (January 15, 2026)**
* ₹3,44,836.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Affected by the levels of cash reserves with RBI and the average daily cash reserve requirements. They also benefit from the standing liquidity facility (SLF) and will be affected by the liquidity conditions.
* **Action Required:** Monitor and adjust cash reserve management and liquidity positions based on the reported figures.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** RBI is responsible for managing the money market operations through LAF, MSF, and SDF to control liquidity and interest rates in the economy.
* **Action Required:** Continue monitoring market conditions and adjusting operations as necessary to maintain monetary stability.
**Stakeholder: Government of India**
* **Impact:** Government's surplus cash balance impacts liquidity in the market.
* **Action Required:** Monitor the impact of their cash position on market liquidity and coordinate with RBI as needed.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, responsible for monetary policy and regulation of the banking system.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against their government securities holdings.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system.
Repo Operation: A short-term agreement where the RBI lends money to banks against government securities.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
February 02, 2026
Money Market Operations as on February 01, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 0.00 - -
I. Call Money 0.00 - -
II. Triparty Repo 0.00 - -
III. Market Repo 0.00 - -
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
IV. Market Repo 0.00 - -
V. Repo in Corporate Bond 0.00 - -
RBI OPERATIONS@ Auction Tenor Maturity Amount Current
Date (Days) Date Rate/Cut
off Rate
C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
I Today's Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF# Sun, 01/02/2026 1 Mon, 02/02/2026 614.00 5.50
4. SDFΔ# Sun, 01/02/2026 1 Mon, 02/02/2026 1,98,361.00 5.00
5. Net liquidity injected from today's
-1,97,747.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Fri, 30/01/2026 90~ Thu, 30/04/2026 25,004.00 5.34
Fri, 30/01/2026 90~~ Thu, 30/04/2026 1,11,500.00 5.26
(b) Reverse Repo Operation
3. MSF# Sat, 31/01/2026 2 Mon, 02/02/2026 172.00 5.50
Fri, 30/01/2026 3 Mon, 02/02/2026 1,240.00 5.50
4. SDFΔ# Sat, 31/01/2026 2 Mon, 02/02/2026 36,047.00 5.00
Fri, 30/01/2026 3 Mon, 02/02/2026 6,016.00 5.00
D. Standing Liquidity Facility (SLF) Availed from RBI$ 13,252.05
E. Net liquidity injected from outstanding operations [injection
1,09,105.05
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-88,641.95
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 01, 2026 8,57,640.31
(ii) Average daily cash reserve requirement for the fortnight ending^ February 15, 2026 7,52,476.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 30, 2026 1,36,504.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on January 15, 2026 3,44,836.00
@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
- Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
@@ Relates to uncollateralized transactions of 15 days to one year tenor.
$ Includes refinance facilities extended by RBI.
& As per the Press Release No. 2025-2026/1201 dated September 30, 2025.
~ As per the Press Release No 2025-2026/1998 dated January 27, 2026.
~~ As per the Press Release No 2025-2026/2015 dated January 30, 2026.
Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
# As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
^ As per the notification No. RBI/2025-26/148 DOR.RET.REC.354/12.01.001/2025-26 dated December 11, 2025.
Ajit Prasad
Press Release: 2025-2026/2029 Deputy General Manager
(Communications)