**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 12, 2026, details money market operations as of February 11, 2026. It provides data on overnight and term segments, including repo rates, volumes, and ranges. It also presents information on RBI operations, including liquidity adjustment facilities, marginal standing facilities, and standing deposit facilities.
**Key Points / Main Content**
* **Money Market Operations (as of February 11, 2026)**
* **Overnight Segment:** Total volume of ₹6,71,890.43 Crore with a weighted average rate of 4.68% (range: 3.80-5.85%).
* Call Money: ₹13,945.12 Crore (5.03% average rate).
* Triparty Repo: ₹4,85,867.80 Crore (4.66% average rate).
* Market Repo: ₹1,65,788.61 Crore (4.67% average rate).
* Repo in Corporate Bond: ₹6,288.90 Crore (4.81% average rate).
* **Term Segment:** Total volume of ₹633.60 Crore with a weighted average rate of 5.05% (range: 4.65-5.10%).
* Notice Money**: ₹418.00 Crore
* Term Money@@: ₹910.00 Crore (4.71% average rate).
* Triparty Repo: ₹410.00 Crore (5.39% average rate).
* Repo in Corporate Bond: ₹0.00 Crore
* **RBI Operations**
* **Today's Operations (February 11, 2026):**
* MSF: ₹716.00 Crore at 5.50% rate; maturity date, February 12, 2026.
* SDFA: ₹4,24,012.00 Crore at 5.00% rate; maturity date, February 12, 2026.
* Net liquidity injected from today's operations: -₹4,23,296.00 Crore (absorption).
* **Outstanding Operations:**
* Repo Operation: ₹22,907.00 Crore at 5.34% rate, maturing April 30, 2026 (Fri, 30/01/2026, 90 days).
* Reverse Repo Operation: ₹1,06,500.00 Crore at 5.26% rate, maturing April 30, 2026 (Fri, 30/01/2026, 90 days).
* Standing Liquidity Facility (SLF) Availed from RBI$: ₹7,484.79 Crore.
* Net liquidity injected from outstanding operations: ₹1,36,891.79 Crore (injection).
* Net liquidity injected (outstanding including today's operations): -₹2,86,404.21 Crore (absorption).
* **Cash Reserves Position (as of February 11, 2026)**
* Cash balances with RBI: ₹7,38,031.34 Crore
* Average daily cash reserve requirement (ending February 15, 2026): ₹7,52,476.00 Crore
* **Government of India Surplus Cash Balance**
* ₹0.00 Crore as on February 11, 2026
* **Net durable liquidity**
* ₹3,44,836.00 Crore as on January 15, 2026
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** The data impacts banks by providing insights into the current money market conditions and liquidity.
* **Action Required:** Banks need to adjust their operations based on the repo rates, liquidity conditions, and cash reserve requirements outlined in the release.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for monetary policy and regulation of the banking system.
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 against eligible government securities.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system without any collateral.
Repo Operation: A short-term agreement where the seller agrees to repurchase the securities at a specified future date and price. (under LAF)
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 12, 2026
Money Market Operations as on February 11, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,71,890.43 4.68 3.80-5.85
I. Call Money 13,945.12 5.03 4.40-5.10
II. Triparty Repo 4,85,867.80 4.66 4.45-5.00
III. Market Repo 1,65,788.61 4.67 3.80-5.10
IV. Repo in Corporate Bond 6,288.90 4.81 4.65-5.85
B. Term Segment
I. Notice Money** 633.60 5.05 4.65-5.10
II. Term Money@@ 418.00 - 5.45-5.75
III. Triparty Repo 910.00 4.71 4.65-4.85
IV. Market Repo 410.00 5.39 5.00-5.48
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# Wed, 11/02/2026 1 Thu, 12/02/2026 716.00 5.50
4. SDFΔ# Wed, 11/02/2026 1 Thu, 12/02/2026 4,24,012.00 5.00
5. Net liquidity injected from today's
-4,23,296.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Fri, 30/01/2026 90~ Thu, 30/04/2026 22,907.00 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$ 7,484.79
E. Net liquidity injected from outstanding operations [injection
1,36,891.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,86,404.21
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 11, 2026 7,38,031.34
(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 11, 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: 2025-2026/2094 Deputy General Manager
(Communications)