**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 13, 2026, provides details of money market operations as of February 12, 2026. It includes information on overnight and term segments, RBI operations, and the cash reserve position of scheduled commercial banks. The release also specifies the amount of net liquidity injected and the standing liquidity facility availed from RBI.
**Key Points / Main Content**
* **Money Markets**
* **Overnight Segment:** Total volume of ₹6,71,352.97 Crore, with a weighted average rate of 4.80% (range: 3.80-6.00%).
* Call Money: ₹12,810.41 Crore with a 5.04% weighted average rate.
* Triparty Repo: ₹4,84,117.55 Crore with a 4.79% weighted average rate.
* Market Repo: ₹1,68,514.01 Crore with a 4.80% weighted average rate.
* Repo in Corporate Bond: ₹5,911.00 Crore with a 5.06% weighted average rate.
* **Term Segment:** Total volume of ₹2,859.48 Crore.
* Notice Money: ₹104.70 Crore with a 4.99% weighted average rate.
* Term Money: ₹1,007.35 Crore with a 5.45-6.70% weighted average rate.
* Triparty Repo: ₹1,620.00 Crore with a 4.79% weighted average rate.
* Market Repo: ₹227.43 Crore with a 5.37% weighted average rate.
* Repo in Corporate Bond: ₹0.00 Crore.
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* MSF: ₹729.00 Crore at 5.50%
* SDFA: ₹4,40,116.00 Crore at 5.00%
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Outstanding Operations:**
* Repo Operation: ₹22,651.00 Crore at 5.34% due April 30, 2026.
* Reverse Repo Operation: ₹1,06,250.00 Crore at 5.26% due April 30, 2026.
* **Net liquidity injected from today's operations:** ₹-4,39,387.00 Crore.
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹7,338.50 Crore.
* **Net liquidity injected from outstanding operations:** ₹1,36,239.50 Crore.
* **Net liquidity injected (outstanding including today's operations):** ₹-3,03,147.50 Crore.
* **Reserve Position**
* **Cash Reserves Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on February 12, 2026: ₹7,32,479.63 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 12, 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 maintain the required cash reserve ratio (CRR) and manage their liquidity based on the money market operations and RBI's facilities.
* **Action Required:** Banks should monitor the rates and volumes in various market segments (call money, repo, etc.) and utilize RBI's facilities (LAF, MSF, SDF) to manage their short-term liquidity positions effectively.
**Government of India**
* **Impact:** The surplus cash balance impacts the overall liquidity in the system.
* **Action Required:** Monitor the surplus cash balance and coordinate with the RBI on liquidity management measures.
**RBI (Reserve Bank of India)**
* **Impact:** The money market operations and liquidity management tools influence the overall monetary policy stance.
* **Action Required:** Continue to monitor money market conditions and adjust policy rates/tools as necessary to achieve monetary policy objectives.
Key Entities Referenced
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI at a rate higher than the repo rate against their government securities holding.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banking system without requiring banks to provide collateral.
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the money supply and credit system.
Repo Operation: A repurchase agreement used by the RBI to inject liquidity into the banking system.
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 13, 2026
Money Market Operations as on February 12, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,71,352.97 4.80 3.80-6.00
I. Call Money 12,810.41 5.04 4.40-5.10
II. Triparty Repo 4,84,117.55 4.79 4.50-5.00
III. Market Repo 1,68,514.01 4.80 3.80-5.10
IV. Repo in Corporate Bond 5,911.00 5.06 4.80-6.00
B. Term Segment
I. Notice Money** 104.70 4.99 4.40-5.10
II. Term Money@@ 1,007.35 - 5.45-6.70
III. Triparty Repo 1,620.00 4.79 4.40-4.95
IV. Market Repo 227.43 5.37 5.17-5.48
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# Thu, 12/02/2026 1 Fri, 13/02/2026 729.00 5.50
4. SDFΔ# Thu, 12/02/2026 1 Fri, 13/02/2026 4,40,116.00 5.00
5. Net liquidity injected from today's
-4,39,387.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Fri, 30/01/2026 90~ Thu, 30/04/2026 22,651.00 5.34
Fri, 30/01/2026 90~~ Thu, 30/04/2026 1,06,250.00 5.26
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 7,338.50
E. Net liquidity injected from outstanding operations [injection
1,36,239.50
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-3,03,147.50
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 12, 2026 7,32,479.63
(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 12, 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: 2025-2026/2103 Deputy General Manager
(Communications)