**Executive Summary**
This is a press release from the Reserve Bank of India (RBI) dated February 10, 2026, which reports on money market operations as of February 09, 2026, and the cash reserve position of Scheduled Commercial Banks. It includes data on overnight and term segments, RBI operations, and liquidity adjustments. The average daily cash reserve requirement is reported for the fortnight ending February 15, 2026.
**Key Points / Main Content**
* **Money Market Operations (as of February 09, 2026):**
* **Overnight Segment:**
* Total volume: ₹6,65,275.33 Crore; Weighted average rate: 4.34%; Range: 3.00-5.55%.
* Call Money: Volume: ₹12,543.02 Crore; Weighted average rate: 5.03%; Range: 4.10-5.10%.
* Triparty Repo: Volume: ₹4,73,682.45 Crore; Weighted average rate: 4.27%; Range: 4.00-5.00%.
* Market Repo: Volume: ₹1,73,065.46 Crore; Weighted average rate: 4.47%; Range: 3.00-5.50%.
* Repo in Corporate Bond: Volume: ₹5,984.40 Crore; Weighted average rate: 4.70%; Range: 4.60-5.55%.
* **Term Segment:**
* Notice Money: Volume: ₹416.00 Crore; Weighted average rate: 5.05%; Range: 4.40-5.10%.
* Term Money: Volume: ₹913.00 Crore; Range: 5.40-5.80%.
* Triparty Repo: Volume: ₹2,465.60 Crore; Weighted average rate: 4.40%; Range: 4.30-5.04%.
* Market Repo: Volume: ₹799.16 Crore; Weighted average rate: 4.54%; Range: 3.00-5.25%.
* Repo in Corporate Bond: Volume: ₹0.00 Crore.
* **RBI Operations (Today's Operations - February 09, 2026):**
* MSF: ₹712.00 Crore at 5.50% on February 10, 2026.
* SDF: ₹4,51,983.00 Crore at 5.00% on February 10, 2026.
* Net liquidity injected from today's operations (absorption): -₹4,51,271.00 Crore.
* **RBI Operations (Outstanding Operations):**
* Variable Rate Repo Operation: ₹25,804.00 Crore at 5.34% due April 30, 2026.
* Reverse Repo Operation: ₹1,06,500.00 Crore at 5.26% due April 30, 2026.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹8,761.48 Crore
* Net liquidity injected from outstanding operations: ₹1,40,265.48 Crore.
* Net liquidity injected (outstanding including today's operations): -₹3,11,005.52 Crore.
* **Reserve Position (as of February 09, 2026):**
* Cash balances with RBI: ₹7,24,732.25 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 09, 2026: ₹0.00 Crore.
* Net durable liquidity as on January 15, 2026: ₹3,44,836.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to comply with the cash reserve requirements. The reported figures provide them with an overview of the current liquidity and reserve positions within the banking system.
* **Action Required:** Ensure compliance with the average daily cash reserve requirement for the specified fortnight. Banks should adjust their liquidity management strategies based on the reported figures on money market operations and outstanding facilities.
**RBI**
* **Impact:** The RBI is responsible for managing liquidity in the market and ensuring financial stability.
* **Action Required:** The RBI needs to continue monitoring the money market operations and adjust its policies as needed to maintain the desired liquidity levels and interest rates.
**Financial Market Participants**
* **Impact:** Participants in the money market, such as institutions dealing with repos and corporate bonds, are affected by the rates and volumes of transactions.
* **Action Required:** Financial market participants should review the rates, volume and ranges and adjust their trading strategies accordingly.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the money market.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banking system without any 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 10, 2026
Money Market Operations as on February 09, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,65,275.33 4.34 3.00-5.55
I. Call Money 12,543.02 5.03 4.10-5.10
II. Triparty Repo 4,73,682.45 4.27 4.00-5.00
III. Market Repo 1,73,065.46 4.47 3.00-5.50
IV. Repo in Corporate Bond 5,984.40 4.70 4.60-5.55
B. Term Segment
I. Notice Money** 416.00 5.05 4.40-5.10
II. Term Money@@ 913.00 - 5.40-5.80
III. Triparty Repo 2,465.60 4.40 4.30-5.04
IV. Market Repo 799.16 4.54 3.00-5.25
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# Mon, 09/02/2026 1 Tue, 10/02/2026 712.00 5.50
4. SDFΔ# Mon, 09/02/2026 1 Tue, 10/02/2026 4,51,983.00 5.00
5. Net liquidity injected from today's
-4,51,271.00
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$ 8,761.48
E. Net liquidity injected from outstanding operations [injection
1,40,265.48
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-3,11,005.52
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 09, 2026 7,24,732.25
(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 09, 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: 2025-2026/2077 Deputy General Manager
(Communications)