**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 12, 2026, reports on the money market operations as of February 11, 2026. It details volumes, weighted average rates, and ranges for various money market segments and RBI operations. The report also includes cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets (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 (range: 4.40-5.10%).
* Triparty Repo: ₹4,85,867.80 crore, 4.66% average rate (range: 4.45-5.00%).
* Market Repo: ₹1,65,788.61 crore, 4.67% average rate (range: 3.80-5.10%).
* Repo in Corporate Bond: ₹6,288.90 crore, 4.81% average rate (range: 4.65-5.85%).
* **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, rate range 5.45-5.75%.
* Term Money: ₹910.00 crore, 4.71% average rate (range: 4.65-4.85%).
* Market Repo: ₹410.00 crore, 5.39% average rate (range: 5.00-5.48%).
* Triparty Repo: ₹910.00 crore, 4.71% average rate (range: 4.65-4.85%).
* Repo in Corporate Bond: ₹0.00 crore.
* **RBI Operations (February 11, 2026):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) Today's Operations:**
* MSF: ₹716.00 crore at 5.50%
* SDF: ₹4,24,012.00 crore at 5.00%
* Net liquidity injection: -₹4,23,296.00 crore.
* **Outstanding Operations:**
* Repo Operation (January 30, 2026 - April 30, 2026): ₹22,907.00 crore at 5.34% and ₹1,06,500.00 crore at 5.26%.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹7,484.79 crore.
* Net liquidity injected from outstanding operations: ₹1,36,891.79 crore.
* Net liquidity injected (outstanding including today's operations): -₹2,86,404.21 crore.
* **Reserve Position:**
* Cash balances with RBI (as of February 11, 2026): ₹7,38,031.34 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:** ₹0.00 crore (as of February 11, 2026).
* **Net durable liquidity:** ₹3,44,836.00 crore deficit (as of January 15, 2026).
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Need to maintain required cash reserves with RBI. Cash reserve requirements are detailed as on February 11, 2026.
* **Action Required:** Banks must adhere to the average daily cash reserve requirements for the fortnight ending February 15, 2026.
**RBI**
* **Impact:** Monitor and manage liquidity in the money markets using various instruments like LAF, MSF, and SDF.
* **Action Required:** Continue managing liquidity as per the prevailing market conditions and policy directives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for monetary policy and regulation of the banking system; issuer of the press release.
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 funds overnight from the RBI against their government securities portfolio.
Standing Deposit Facility (SDF): A tool available to the RBI for absorbing excess liquidity from the banking system without any collateral.
Money Market Operations: Transactions conducted in the money market, including overnight segments, term segments, and various types of repo and reverse repo 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 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)