**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 06, 2026, reports on money market operations as of February 05, 2026. It details volumes, weighted average rates, and ranges for overnight and term segments, as well as RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). It also covers the cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations:**
* **Overnight Segment:** Total volume is ₹6,58,580.59 Crore with a weighted average rate of 4.30% and a range of 0.01-5.70%.
* **Term Segment:** Various instruments are reported, including Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond, with specified volumes and rates.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* MSF: ₹1,018.00 Crore at 5.50%
* SDFA: ₹3,57,731.00 Crore at 5.00%
* Net liquidity injected from today's operations: -₹3,56,713.00 Crore (absorption).
* **Outstanding Operations:**
* Repo Operation: ₹25,004.00 Crore and ₹1,11,500.00 Crore at 5.34% and 5.26% respectively, maturing on Thu, 30/04/2026
* **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:**
* **Cash Reserves 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:** ₹0.00 Crore.
* **Net durable liquidity [surplus (+)/deficit (-)] as on January 15, 2026:** ₹3,44,836.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Banks are subject to the reported money market conditions, RBI operations, and reserve requirements which can affect their liquidity and operational costs.
* **Action Required:** Banks must adhere to the cash reserve requirements and manage their liquidity in accordance with the reported money market operations to meet regulatory obligations and optimize their financial performance.
**Stakeholder: Financial Markets / Investors**
* **Impact:** The data provides insights into the current liquidity conditions and interest rate trends in the money market, informing investment and trading decisions.
* **Action Required:** Monitor the data to assess risk and adjust investment strategies accordingly.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** The data reflects the effectiveness of RBI's monetary policy tools in managing liquidity and interest rates in the money market.
* **Action Required:** Monitor the trends and adjust policy instruments as needed to maintain financial stability and achieve macroeconomic objectives.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the country's monetary policy and financial system. The press release details money market operations conducted by the RBI.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market, involving repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against government securities.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system.
Money Market: Financial market in which short-term debt instruments (with maturities of a year or less) are traded. The press release reports on money market operations.
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)