**Executive Summary**
This is a press release from the Reserve Bank of India (RBI), dated February 11, 2026, which provides details of money market operations as of February 10, 2026. The document covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF), and cash reserve positions of scheduled commercial banks. It also notes the net liquidity injected or absorbed due to these operations.
**Key Points / Main Content**
* **Money Market Operations (February 10, 2026)**
* **Overnight Segment:** Total volume of ₹6,77,314.91 crore with a weighted average rate of 4.43% (range: 3.00-5.55%).
* **Term Segment:** Various term money transactions occurred (Notice, Term, Triparty, Market & Corporate Repo) with varying volumes and weighted average rates.
* **RBI Operations (Today's Operations)**
* MSF: ₹754.00 crore at 5.50% current rate.
* SDFA: ₹4,77,450.00 crore at 5.00% current rate.
* Net liquidity absorption: ₹4,76,696.00 crore.
* **RBI Operations (Outstanding Operations)**
* Repo Operation: ₹25,004.00 crore with 5.34% rate and ₹1,06,500.00 crore with 5.26% rate are outstanding.
* Net liquidity injection: ₹1,39,920.48 crore.
* **Net Liquidity**
* Net liquidity absorption (outstanding including today's operations): ₹3,36,775.52 crore.
* **Reserve Position of Scheduled Commercial Banks**
* Cash balances with RBI (February 10, 2026): ₹7,29,571.84 crore.
* Average daily cash reserve requirement (fortnight ending February 15, 2026): ₹7,52,476.00 crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Their liquidity and reserve requirements are affected by the RBI's money market operations, influencing their lending and borrowing activities.
* **Action Required:** Banks must adjust their cash reserves and participation in LAF, MSF, and SDF based on the RBI's operations and their own liquidity needs.
**Stakeholder: Financial Market Participants**
* **Impact:** The document provides information on money market rates and liquidity conditions, which influences trading and investment decisions.
* **Action Required:** Participants should analyze the data and adjust their strategies based on the prevailing money market conditions.
Key Entities Referenced
Reserve Bank of India: Central bank of India; primary subject and regulator in the context of this press release.
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 for absorbing liquidity from the banking system, offered by the RBI.
Repo Operation: A short-term agreement where the RBI lends money to banks against securities, with an agreement to repurchase them at a later date.
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 11, 2026
Money Market Operations as on February 10, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,77,314.91 4.43 3.00-5.55
I. Call Money 11,387.69 5.02 4.35-5.10
II. Triparty Repo 4,82,804.85 4.40 4.28-5.03
III. Market Repo 1,77,559.27 4.48 3.00-5.20
IV. Repo in Corporate Bond 5,563.10 4.68 4.62-5.55
B. Term Segment
I. Notice Money** 343.00 5.06 4.90-5.08
II. Term Money@@ 718.00 - 4.90-5.70
III. Triparty Repo 983.50 4.82 4.40-5.00
IV. Market Repo 909.37 5.43 4.60-5.48
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# Tue, 10/02/2026 1 Wed, 11/02/2026 754.00 5.50
4. SDFΔ# Tue, 10/02/2026 1 Wed, 11/02/2026 4,77,450.00 5.00
5. Net liquidity injected from today's
-4,76,696.00
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$ 8,416.48
E. Net liquidity injected from outstanding operations [injection
1,39,920.48
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-3,36,775.52
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 10, 2026 7,29,571.84
(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 10, 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: 2025-2026/2087 Deputy General Manager
(Communications)