**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 13, 2026, reports on money market operations as of February 12, 2026. It includes information on overnight and term segments, RBI operations, reserve positions, and liquidity adjustments. The press release number is 2025-2026/2103.
**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%). This includes call money, triparty repo, market repo, and repo in corporate bonds.
* **Term Segment:** Total volume of ₹2,959.48 Crore split in Notice money, term money, triparty repo, market repo and Repo in corporate bond.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today’s Operations:** Includes MSF of ₹729.00 Crore and SDFA of ₹4,40,116.00 Crore.
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Outstanding Operations:** Includes Fixed rate of ₹22,651.00 Crore and Variable Rate of ₹1,06,250.00 Crore.
* 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 balances with RBI as of 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**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** The document details cash reserve requirements and liquidity conditions, impacting banks' operational strategies and liquidity management.
* **Action Required:** Banks must ensure compliance with the prescribed cash reserve requirements and manage their liquidity positions in accordance with the reported market operations.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for regulating money markets and conducting monetary policy.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against their excess statutory liquidity ratio (SLR) securities.
Standing Deposit Facility (SDF): A tool for absorbing liquidity from the banking system without any collateral.
Repo Operation: Repurchase agreement; a short-term borrowing for dealers in government securities.
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)