**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated February 16, 2026, reports on money market operations as of February 13, 2026. It details volumes, weighted average rates, and ranges for various money market segments and RBI operations, including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release provides data on both today's operations and outstanding operations.
**Key Points / Main Content**
* **Money Market Operations (as of February 13, 2026):**
* Reports volume, weighted average rate, and range for various segments.
* **Overnight Segment:**
* Total overnight volume: ₹6,72,117.29 Crore, weighted average rate: 4.87%, range: 3.99-6.00%.
* Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:**
* Reports data for 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):**
* Provides details on fixed rate and variable rate operations.
* Auction dates: February 13, 2026.
* Includes Tenor, Maturity Date, Amount, and Current Rate/Cut off Rate for MSF and SDF operations.
* Net liquidity injected from today's operations: -₹4,58,907.00 Crore (absorption).
* **Outstanding Operations:**
* Includes Fixed Rate and Variable Rate operations, specifically Repo and Reverse Repo Operations with maturity date of 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 Reserve 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:**
* As of February 13, 2026: ₹0.00 Crore.
* **Net Durable Liquidity:**
* As of January 15, 2026: ₹3,44,836.00 Crore (surplus).
**Impact Analysis**
**Stakeholder: Banks and Financial Institutions**
* **Impact**: Directly affected by changes in liquidity conditions, interest rates, and operational guidelines for money market instruments.
* **Action Required**: Monitor and adjust their treasury management strategies and asset-liability management based on the reported data to optimise their financial performance and ensure compliance with RBI regulations.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for monetary policy and regulation of the financial system; main issuer of the press release.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the 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 at a penal interest rate against government securities.
Standing Deposit Facility (SDF): A facility that allows the RBI to absorb liquidity from commercial banks without any collateral.
Money Market: The market for short-term lending and borrowing. Report provides insight into overnight and term segments, call money, triparty repo, market repo, and repo in corporate bonds.
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)