Money Market Operations as on February 14, 2026

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated February 16, 2026, details the money market operations as of February 14, 2026. It outlines volumes, weighted average rates, and ranges for various overnight and term segments, as well as RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The report covers both today's operations and outstanding operations and cash reserve positions. **Key Points / Main Content** * **Money Markets:** * **Overnight Segment:** * The volume for Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond is 0.00. * **Term Segment:** * The volume for Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond is 0.00. * **RBI Operations (Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)):** * **Today's Operations:** * MSF operations on February 14, 2026, with a tenor of 1 and 2 day(s) resulted in amounts of ₹20.00 Crore and ₹0.00 Crore, respectively, at a rate of 5.50%. * SDFA operations on February 14, 2026, with a tenor of 1 and 2 day(s) resulted in amounts of ₹3,70,372.00 Crore and ₹0.00 Crore, respectively, at a rate of 5.00%. * Net liquidity absorbed from today's operations is ₹3,70,352.00 Crore. * **Outstanding Operations:** * Repo operations on January 30, 2026, with a tenor of 90 days resulted in an amount of ₹22,651.00 Crore at a rate of 5.34%. * Reverse Repo operations on January 30, 2026, with a tenor of 90 days resulted in an amount of ₹1,05,750.00 Crore at a rate of 5.26%. * MSF operations on February 13, 2026, with a tenor of 2 and 3 day(s) resulted in amounts of ₹0.00 Crore and ₹700.00 Crore, respectively, at a rate of 5.50%. * SDFA operations on February 13, 2026, with a tenor of 2 and 3 day(s) resulted in amounts of ₹1,775.00 Crore and ₹82,789.00 Crore, respectively, at a rate of 5.00%. * Standing Liquidity Facility (SLF) Availed from RBI: ₹6,993.50 Crore. * Net liquidity injected from outstanding operations is ₹51,530.50 Crore. * Net liquidity absorbed (outstanding including today's operations) is ₹3,18,821.50 Crore. * **Reserve Position:** * Cash balances with RBI as on February 14, 2026: ₹7,27,160.54 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 [surplus (+)/deficit (-)] as on January 15, 2026: ₹3,44,836.00 Crore (surplus). **Impact Analysis** **Scheduled Commercial Banks:** * **Impact:** Banks' liquidity positions and reserve requirements are directly affected by the RBI's operations and policies outlined in the release. They need to manage their funds accordingly to comply with the requirements and optimize their financial positions. * **Action Required:** Banks need to monitor their cash balances with the RBI, manage their participation in LAF, MSF, and SDF operations, and ensure compliance with the cash reserve requirements. **Financial Markets:** * **Impact:** The overall liquidity and interest rate environment in the money market are influenced by the RBI's operations. Market participants use this information to make decisions about their investments and trading strategies. * **Action Required:** Market participants should analyze the data to understand the liquidity conditions and adjust their investment strategies and risk management practices accordingly.

Key Entities Referenced