**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 16, 2026, details the money market operations as of February 13, 2026. It provides data on liquidity adjustment facilities, marginal standing facilities, standing deposit facilities, and cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets (February 13, 2026)**
* Overnight Segment: Total volume ₹6,72,117.29 Crore, weighted average rate 4.87%, range 3.99-6.00%.
* Call Money: Volume ₹13,319.43 Crore, average rate 5.04%, range 4.50-5.10%.
* Triparty Repo: Volume ₹4,86,262.60 Crore, average rate 4.86%, range 4.70-5.00%.
* Market Repo: Volume ₹1,67,724.36 Crore, average rate 4.86%, range 3.99-5.25%.
* Repo in Corporate Bond: Volume ₹4,810.90 Crore, average rate 5.09%, range 5.00-6.00%.
* Term Segment:
* Notice Money: Volume ₹458.50 Crore, average rate 5.22%, range 4.60-5.75%.
* Term Money: Volume ₹1,202.00 Crore, range 5.55-6.55%.
* Triparty Repo: Volume ₹100.00 Crore, average rate 4.95%, range 4.95-4.95%.
* Market Repo: Volume ₹589.75 Crore, average rate 5.44%, range 5.05-5.48%.
* Repo in Corporate Bond: Volume ₹0.00 Crore.
* **RBI Operations (Today's Operations - February 13, 2026)**
* Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF).
* MSF: Various amounts with a fixed rate of 5.50% (₹26.00 Crore for 1 day tenor, ₹0.00 Crore for 2 days tenor, and ₹700.00 Crore for 3 days tenor).
* SDF: Various amounts with a fixed rate of 5.00% (₹3,75,069.00 Crore for 1 day tenor, ₹1,775.00 Crore for 2 days tenor, and ₹82,789.00 Crore for 3 days tenor).
* Net liquidity injected from today's operations: ₹-4,58,907.00 Crore (absorption).
* **RBI Operations (Outstanding Operations)**
* Repo Operation (Variable Rate): ₹22,651.00 Crore at 5.34% fixed rate for 90 days tenor expiring April 30, 2026.
* Reverse Repo Operation (Variable Rate): ₹1,05,750.00 Crore at 5.26% fixed rate for 90 days tenor expiring April 30, 2026.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹6,993.50 Crore.
* Net liquidity injected from outstanding operations: ₹1,35,394.50 Crore (injection).
* Net liquidity injected (outstanding including today's operations): ₹-3,23,512.50 Crore (absorption).
* **Reserve Position**
* Cash Reserves Position of Scheduled Commercial Banks:
* Cash balances with RBI as on February 13, 2026: ₹7,24,913.83 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 13, 2026: ₹0.00 Crore.
* Net durable liquidity as on January 15, 2026: ₹3,44,836.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by changes in liquidity conditions, interest rates, and reserve requirements.
* **Action Required:** Manage cash reserves in accordance with RBI requirements, participate in LAF, MSF, and SDF operations as needed, and adjust lending and deposit rates in response to market conditions.
**Financial Institutions Participating in Money Markets**
* **Impact:** Impacted by the interest rates and volumes in the call money, triparty repo, market repo, and corporate bond repo segments.
* **Action Required:** Monitor money market trends, adjust investment strategies based on prevailing interest rates and liquidity conditions, and participate in money market operations to manage short-term funding needs.
**Government of India**
* **Impact:** The Government of India is impacted by surplus cash balances.
* **Action Required:** Monitor Government of India Surplus Cash Balance.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, responsible for regulating the money supply and credit system.
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 from the RBI against their SLR portfolio.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system without requiring collateral.
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 16, 2026
Money Market Operations as on February 13, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,72,117.29 4.87 3.99-6.00
I. Call Money 13,319.43 5.04 4.50-5.10
II. Triparty Repo 4,86,262.60 4.86 4.70-5.00
III. Market Repo 1,67,724.36 4.86 3.99-5.25
IV. Repo in Corporate Bond 4,810.90 5.09 5.00-6.00
B. Term Segment
I. Notice Money** 458.50 5.22 4.60-5.75
II. Term Money@@ 1,202.00 - 5.55-6.55
III. Triparty Repo 100.00 4.95 4.95-4.95
IV. Market Repo 589.75 5.44 5.05-5.48
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# Fri, 13/02/2026 1 Sat, 14/02/2026 26.00 5.50
Fri, 13/02/2026 2 Sun, 15/02/2026 0.00 5.50
Fri, 13/02/2026 3 Mon, 16/02/2026 700.00 5.50
4. SDFΔ# Fri, 13/02/2026 1 Sat, 14/02/2026 3,75,069.00 5.00
Fri, 13/02/2026 2 Sun, 15/02/2026 1,775.00 5.00
Fri, 13/02/2026 3 Mon, 16/02/2026 82,789.00 5.00
5. Net liquidity injected from today's
-4,58,907.00
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 1,05,750.00 5.26
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 6,993.50
E. Net liquidity injected from outstanding operations [injection
1,35,394.50
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-3,23,512.50
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 13, 2026 7,24,913.83
(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 13, 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: 2025-2026/2120 Deputy General Manager
(Communications)