**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI), dated February 06, 2026, providing details of money market operations as of February 05, 2026. It outlines volumes, weighted average rates, and ranges for overnight and term segments, as well as details on RBI operations, including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The document also provides data on the cash reserve position of scheduled commercial banks and net durable liquidity as on January 15, 2026.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume of ₹6,58,580.59 Crore with a weighted average rate of 4.30% and a range of 0.01-5.70%.
* Call Money: ₹14,402.18 Crore (5.03% average rate, 4.40-5.15% range)
* Triparty Repo: ₹4,72,526.15 Crore (4.30% average rate, 4.00-4.95% range)
* Market Repo: ₹1,66,385.26 Crore (4.21% average rate, 0.01-5.70% range)
* Repo in Corporate Bond: ₹5,267.00 Crore (4.79% average rate, 4.37-5.50% range)
* **Term Segment:**
* Notice Money: ₹121.50 Crore (5.02% average rate, 4.45-5.10% range)
* Term Money: ₹788.00 Crore (5.40-5.75% range)
* Triparty Repo: ₹765.00 Crore (4.74% average rate, 4.55-5.09% range)
* Market Repo: ₹0.00 Crore
* Repo in Corporate Bond: ₹150.00 Crore (6.25% average rate, 5.25-7.75% range)
* **RBI Operations (February 05, 2026):**
* **MSF:** ₹1,018.00 Crore (5.50% rate)
* **SDF:** ₹3,57,731.00 Crore (5.00% rate)
* **Net liquidity absorbed:** ₹3,56,713.00 Crore
* **RBI Operations (Outstanding):**
* **Repo Operation (January 30, 2026 - 90 days):** ₹25,004.00 Crore (5.34% rate) and ₹1,11,500.00 Crore (5.26% rate)
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹8,563.12 Crore
* **Net liquidity injected from outstanding operations:** ₹1,45,067.12 Crore
* **Net liquidity injected (outstanding including today's operations):** -₹2,11,645.88 Crore
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on February 05, 2026: ₹7,55,735.84 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 05, 2026: ₹0.00
* Net durable liquidity as on January 15, 2026: ₹3,44,836.00 Crore
**Impact Analysis**
* **Scheduled Commercial Banks**
**Impact**
Provides information on cash reserve requirements and balances held with RBI.
**Action Required**
Monitor and adjust their cash reserves to comply with RBI requirements and manage liquidity positions.
* **Money Market Participants**
**Impact**
Provides insights into market liquidity, interest rate trends, and RBI's monetary policy stance.
**Action Required**
Use the information to make informed decisions about trading, investment, and risk management in the money market.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India; primary authority on money market operations.
Liquidity Adjustment Facility (LAF): A tool used by RBI to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against their SLR portfolio.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banks without the need for collateral.
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 06, 2026
Money Market Operations as on February 05, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,58,580.59 4.30 0.01-5.70
I. Call Money 14,402.18 5.03 4.40-5.15
II. Triparty Repo 4,72,526.15 4.30 4.00-4.95
III. Market Repo 1,66,385.26 4.21 0.01-5.70
IV. Repo in Corporate Bond 5,267.00 4.79 4.37-5.50
B. Term Segment
I. Notice Money** 121.50 5.02 4.45-5.10
II. Term Money@@ 788.00 - 5.40-5.75
III. Triparty Repo 765.00 4.74 4.55-5.09
IV. Market Repo 0.00 - -
V. Repo in Corporate Bond 150.00 6.25 5.25-7.75
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# Thu, 05/02/2026 1 Fri, 06/02/2026 1,018.00 5.50
4. SDFΔ# Thu, 05/02/2026 1 Fri, 06/02/2026 3,57,731.00 5.00
5. Net liquidity injected from today's
-3,56,713.00
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$ 8,563.12
E. Net liquidity injected from outstanding operations [injection
1,45,067.12
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,11,645.88
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 05, 2026 7,55,735.84
(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 05, 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: 2025-2026/2052 Deputy General Manager
(Communications)