**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 09, 2026, details money market operations as of February 06, 2026. It provides data on overnight and term segments, RBI operations, and the cash reserve position of scheduled commercial banks. The report includes information on liquidity adjustment facilities, standing facilities, and net liquidity injections/absorptions.
**Key Points / Main Content**
* **Money Market Operations (February 06, 2026):**
* **Overnight Segment:** Total volume of ₹8,843.49 Crore with a weighted average rate of 4.65% (range: 3.50-5.50%).
* **Term Segment:** Total volume of ₹13,892.77 Crore with a weighted average rate of 5.06% (range: 4.45-5.10%).
* **Triparty Repo:** Volume of ₹4,53,085.70 Crore (Term Segment), weighted average rate of 4.33% (range: 4.01-5.07%).
* **RBI Operations (Today's Operations):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):** Fixed and Variable Rates were available.
* **Reverse Repo Operation** Volume from Feb 06, 2026- Feb 08, 2026: ₹25,004.00 Crore, rate 5.34% due Thu, 30/04/2026.
* **MSF:** Varied volume from Feb 06, 2026- Feb 08, 2026, at rate 5.5%.
* **SDFA**: Varied volume from Feb 06, 2026- Feb 08, 2026, at rate 5.0%.
* **Net Liquidity Injected:** Net liquidity injected from operations totalled ₹-5,03,011.00 Crore.
* **RBI Operations (Outstanding Operations):**
* **Repo Operation** Volume from Jan 30, 2026, due Thu, 30/04/2026: ₹25,004.00 Crore, rate 5.34%.
* **Reverse Repo Operation** Volume from Jan 30, 2026, due Thu, 30/04/2026: ₹1,06,500.00 Crore, rate 5.26%.
* **Liquidity and Reserve Position:**
* **Standing Liquidity Facility (SLF):** ₹9,031.48 Crore.
* **Net Liquidity Injected from Outstanding Operations:** ₹1,40,535.48 Crore.
* **Net Liquidity Injected (Including Today's Operations):** ₹-3,62,475.52 Crore.
* **Cash Balances with RBI (February 06, 2026):** ₹7,56,229.84 Crore.
* **Average Daily Cash Reserve Requirement (Fortnight Ending February 15, 2026):** ₹7,52,476.00 Crore.
* **Net Durable Liquidity (January 15, 2026):** ₹3,44,836.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Affected by the liquidity conditions, interest rates in money markets, and the need to maintain cash reserves.
* **Action Required:** Need to manage their liquidity positions in line with RBI policies and maintain required cash reserve ratios. Closely monitor money market rates to align borrowing and lending strategies.
**Stakeholder: Financial Institutions and Money Market Participants**
* **Impact:** Influenced by the repo and reverse repo rates, LAF operations, and overall liquidity in the market.
* **Action Required:** Need to monitor RBI's operations and adjust investment and funding strategies based on market conditions.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** Responsible for managing liquidity and maintaining stability in the money markets.
* **Action Required:** Continue to monitor market conditions and adjust operations as necessary to maintain financial stability and achieve monetary policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank; primary regulator for money market operations described.
Liquidity Adjustment Facility (LAF): Tool used by RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): Facility allowing banks to borrow overnight from RBI against government securities.
Standing Deposit Facility (SDF): Tool used by RBI to absorb excess liquidity from the banking system.
Money Market: The financial market in which short-term debt instruments are traded; context for 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 09, 2026
Money Market Operations as on February 06, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 8,843.49 4.65 3.50-5.50
I. Call Money 973.55 4.71 4.40-5.10
II. Triparty Repo 2,538.00 4.60 4.01-5.25
III. Market Repo 184.94 3.66 3.50-4.00
IV. Repo in Corporate Bond 5,147.00 4.69 4.50-5.50
B. Term Segment
I. Notice Money** 13,892.77 5.06 4.45-5.10
II. Term Money@@ 246.00 - 5.50-5.70
III. Triparty Repo 4,53,085.70 4.33 4.01-5.07
IV. Market Repo 1,74,022.43 4.35 1.00-5.01
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# Fri, 06/02/2026 1 Sat, 07/02/2026 32.00 5.50
Fri, 06/02/2026 2 Sun, 08/02/2026 0.00 5.50
Fri, 06/02/2026 3 Mon, 09/02/2026 700.00 5.50
4. SDFΔ# Fri, 06/02/2026 1 Sat, 07/02/2026 4,46,792.00 5.00
Fri, 06/02/2026 2 Sun, 08/02/2026 0.00 5.00
Fri, 06/02/2026 3 Mon, 09/02/2026 56,951.00 5.00
5. Net liquidity injected from today's
-5,03,011.00
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 1,06,500.00 5.26
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 9,031.48
E. Net liquidity injected from outstanding operations [injection
1,40,535.48
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-3,62,475.52
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 06, 2026 7,56,229.84
(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 06, 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: 2025-2026/2070 Deputy General Manager
(Communications)