**Executive Summary**
This press release from the Reserve Bank of India (RBI) details money market operations as of February 4, 2026. It provides information on overnight and term segments, RBI operations including LAF, MSF, and SDF, standing liquidity facility (SLF), and cash reserve positions of scheduled commercial banks. The document also indicates that the average daily cash reserve requirement is for the fortnight ending February 15, 2026.
**Key Points / Main Content**
* **Money Market Operations (February 4, 2026)**
* **Overnight Segment:** Total volume ₹6,62,893.87 crore, weighted average rate 4.33%, range 0.01-5.70%.
* Call Money volume ₹12,305.09 crore, average rate 4.98%, range 4.40-5.65%.
* Triparty Repo volume ₹4,68,035.05 crore, average rate 4.24%, range 4.00-5.02%.
* Market Repo volume ₹1,77,676.73 crore, average rate 4.50%, range 0.01-5.70%.
* Repo in Corporate Bond volume ₹4,877.00 crore, average rate 4.97%, range 4.75-5.50%.
* **Term Segment:**
* Notice Money volume ₹242.80 crore, average rate 5.00%, range 4.45-5.05%.
* Term Money volume ₹1,316.50 crore, range 5.45-5.65%.
* Triparty Repo volume ₹3,475.00 crore, average rate 4.35%, range 4.25-4.85%.
* Market Repo volume ₹2,001.31 crore, average rate 5.13%, range 5.00-5.50%.
* Repo in Corporate Bond volume ₹45.00 crore, average rate 7.75%, range 7.75-7.75%.
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* MSF: Auction date Wed, 04/02/2026, Tenor 1 day, Maturity date Thu, 05/02/2026, Amount ₹786.00 crore, Rate 5.50%.
* SDF: Auction date Wed, 04/02/2026, Tenor 1 day, Maturity date Thu, 05/02/2026, Amount ₹3,42,323.00 crore, Rate 5.00%.
* Net liquidity injected from today's operations [injection (+)/absorption (-)]: -₹3,41,537.00 crore.
* **Outstanding Operations:**
* Repo Operation: Auction date Fri, 30/01/2026, Tenor 90 days, Maturity date Thu, 30/04/2026, Amount ₹25,004.00 crore, Rate 5.34%.
* Repo Operation: Auction date Fri, 30/01/2026, Tenor 90 days, Maturity date Thu, 30/04/2026, Amount ₹1,11,500.00 crore, Rate 5.26%.
* Net liquidity injected from outstanding operations [injection (+)/absorption (-)]: ₹1,45,548.89 crore.
* Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]: -₹1,95,988.11 crore.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹9,044.89 crore.
* **Reserve Position:**
* Cash Reserves Position of Scheduled Commercial Banks:
* Cash balances with RBI as on February 04, 2026: ₹7,79,062.53 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 04, 2026: ₹0.00 crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on January 15, 2026: ₹3,44,836.00 crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Their cash reserve requirements and balances with RBI are disclosed, influencing their liquidity management strategies.
* **Action Required:** Banks need to ensure they meet the average daily cash reserve requirement for the specified fortnight.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for monetary policy and regulation of the financial 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 excess SLR securities.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system without requiring collateral.
Money Markets: The aggregate of the markets for short-term debt instruments.
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 05, 2026
Money Market Operations as on February 04, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,62,893.87 4.33 0.01-5.70
I. Call Money 12,305.09 4.98 4.40-5.65
II. Triparty Repo 4,68,035.05 4.24 4.00-5.02
III. Market Repo 1,77,676.73 4.50 0.01-5.70
IV. Repo in Corporate Bond 4,877.00 4.97 4.75-5.50
B. Term Segment
I. Notice Money** 242.80 5.00 4.45-5.05
II. Term Money@@ 1,316.50 - 5.45-5.65
III. Triparty Repo 3,475.00 4.35 4.25-4.85
IV. Market Repo 2,001.31 5.13 5.00-5.50
V. Repo in Corporate Bond 45.00 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# Wed, 04/02/2026 1 Thu, 05/02/2026 786.00 5.50
4. SDFΔ# Wed, 04/02/2026 1 Thu, 05/02/2026 3,42,323.00 5.00
5. Net liquidity injected from today's
-3,41,537.00
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$ 9,044.89
E. Net liquidity injected from outstanding operations [injection
1,45,548.89
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,95,988.11
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 04, 2026 7,79,062.53
(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 04, 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: 2025-2026/2044 Deputy General Manager
(Communications)