**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 04, 2026, provides details on money market operations as of February 03, 2026. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF), and the cash reserve position of scheduled commercial banks. Key data points include volumes, weighted average rates, ranges, and amounts related to various financial instruments and facilities.
**Key Points / Main Content**
* **Money Market Operations (as of February 03, 2026):**
* **Overnight Segment:**
* Total volume: ₹6,79,402.77 Crore, Weighted Average Rate: 4.49%, Range: 0.01-7.75%.
* Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:**
* Includes Notice Money, Term Money, Triparty Repo, Market Repo and Repo in Corporate Bond.
* **RBI Operations (Today's Operations):**
* **MSF:** ₹636.00 Crore, Rate: 5.50% (Auction Date: 03/02/2026, Maturity Date: 04/02/2026).
* **SDFA:** ₹3,64,627.00 Crore, Rate: 5.00% (Auction Date: 03/02/2026, Maturity Date: 04/02/2026).
* Net liquidity injected from today's operations: -₹3,63,991.00 Crore.
* **RBI Operations (Outstanding Operations):**
* **Repo Operation:** ₹25,004.00 Crore, Rate: 5.34% (Auction Date: 30/01/2026, Maturity Date: 30/04/2026).
* **Reverse Repo Operation:** ₹1,11,500.00 Crore, Rate: 5.26% (Auction Date: 30/01/2026, Maturity Date: 30/04/2026).
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹10,925.41 Crore.
* Net liquidity injected from outstanding operations: ₹1,47,429.41 Crore.
* Net liquidity injected (outstanding including today’s operations): -₹2,16,561.59 Crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI (as on February 03, 2026): ₹7,66,203.67 Crore.
* Average daily cash reserve requirement for the fortnight ending February 15, 2026: ₹7,52,476.00 Crore.
* **Government of India Surplus Cash Balance:**
* February 03, 2026: ₹0.00 Crore.
* **Net durable liquidity:**
* January 15, 2026: ₹3,44,836.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Banks are directly affected by the rates and liquidity conditions dictated by the RBI's operations. They need to manage their cash reserves and liquidity positions in accordance with the data provided.
* **Action Required:** Banks need to review their liquidity management strategies in light of the RBI's operations and adjust their participation in various money market instruments accordingly. They should also maintain the required cash reserve ratio.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for monetary policy and regulating the money market.
Liquidity Adjustment Facility (LAF): Tool used by RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI.
Standing Deposit Facility (SDF): A tool for RBI to absorb excess liquidity from the banking system.
Money Market: Market for short-term debt instruments (e.g., call money, repo).
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 04, 2026
Money Market Operations as on February 03, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,79,402.77 4.49 0.01-7.75
I. Call Money 13,967.13 5.06 4.40-5.26
II. Triparty Repo 4,90,010.35 4.40 3.95-5.00
III. Market Repo 1,70,516.89 4.67 0.01-5.10
IV. Repo in Corporate Bond 4,908.40 5.46 5.40-7.75
B. Term Segment
I. Notice Money** 253.30 5.08 4.40-5.11
II. Term Money@@ 1,205.30 - 5.45-5.80
III. Triparty Repo 4,230.00 4.58 4.30-4.75
IV. Market Repo 152.40 4.82 3.75-5.35
V. Repo in Corporate Bond 90.00 7.75 7.75-7.75
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# Tue, 03/02/2026 1 Wed, 04/02/2026 636.00 5.50
4. SDFΔ# Tue, 03/02/2026 1 Wed, 04/02/2026 3,64,627.00 5.00
5. Net liquidity injected from today's
-3,63,991.00
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$ 10,925.41
E. Net liquidity injected from outstanding operations [injection
1,47,429.41
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,16,561.59
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 03, 2026 7,66,203.67
(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 03, 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: 2025-2026/2038 Deputy General Manager
(Communications)