**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 03, 2026, presents a summary of money market operations as of February 02, 2026. It includes data on overnight and term segments, RBI operations like LAF, MSF, and SDF, standing liquidity facilities and cash reserve positions. There are no specific deadlines mentioned in the document.
**Key Points / Main Content**
* **Money Market Operations (February 02, 2026)**
* **Overnight Segment:** Total volume of ₹6,96,620.63 Crore with a weighted average rate of 4.70% (range: 3.50-6.10%).
* **Term Segment:** Total volume of ₹225.70 Crore with a weighted average rate of 5.25% (range: 4.45-5.30%).
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* MSF: ₹618.00 Crore at 5.50%
* SDFA: ₹3,20,805.00 Crore at 5.00%
* Net liquidity absorption: ₹3,20,187.00 Crore.
* **Outstanding Operations:**
* Repo Operations: ₹25,004.00 Crore at 5.34% and ₹1,11,500.00 Crore at 5.26%.
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹13,092.05 Crore.
* Net liquidity injection from outstanding operations: ₹1,49,596.05 Crore.
* Net liquidity injection (outstanding including today's operations): ₹-1,70,590.95 Crore (absorption).
* **Reserve Position**
* **Cash Reserves Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on February 02, 2026: ₹7,97,446.69 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 February 02, 2026: 0.00
* Net durable liquidity as on January 15, 2026: ₹3,44,836.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks must adhere to the cash reserve requirements and liquidity management practices as outlined in the report.
* **Action Required:** Banks need to monitor their cash balances with the RBI and ensure compliance with the average daily cash reserve requirements for the specified fortnight. They should also take note of the outstanding operations and net liquidity positions to manage their liquidity effectively.
**Reserve Bank of India (RBI)**
* **Impact:** The RBI monitors money market operations and manages liquidity in the banking system.
* **Action Required:** The RBI needs to continuously monitor and adjust its operations to maintain financial stability and control inflation, using tools like LAF, MSF, and SDF.
**Government of India**
* **Impact:** Surplus cash balance is recorded.
* **Action Required:** Note the surplus cash balance for auction as on February 02, 2026.
Key Entities Referenced
RBI OPERATIONS: Refers to the operations conducted by the Reserve Bank of India (RBI) to manage liquidity in the money market, including LAF, MSF and SDF.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to inject or absorb liquidity into or from the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI at a penal interest rate against government securities.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb liquidity from the banking system without any collateral.
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the money market and implementing monetary policy.
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 03, 2026
Money Market Operations as on February 02, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,96,620.63 4.70 3.50-6.10
I. Call Money 14,162.12 5.20 4.25-5.30
II. Triparty Repo 4,97,242.60 4.57 3.75-5.06
III. Market Repo 1,79,840.36 5.00 3.50-5.50
IV. Repo in Corporate Bond 5,375.55 5.22 5.18-6.10
B. Term Segment
I. Notice Money** 225.70 5.25 4.45-5.30
II. Term Money@@ 605.00 - 5.45-5.75
III. Triparty Repo 5,559.00 4.59 4.50-5.10
IV. Market Repo 802.60 5.47 5.40-5.50
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# Mon, 02/02/2026 1 Tue, 03/02/2026 618.00 5.50
4. SDFΔ# Mon, 02/02/2026 1 Tue, 03/02/2026 3,20,805.00 5.00
5. Net liquidity injected from today's
-3,20,187.00
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#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 13,092.05
E. Net liquidity injected from outstanding operations [injection
1,49,596.05
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,70,590.95
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 02, 2026 7,97,446.69
(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¥ February 02, 2026 0.00
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: 2025-2026/2035 Deputy General Manager
(Communications)