Money Market Operations as on February 15, 2026

**Executive Summary** This press release, dated February 16, 2026, reports on the money market operations conducted by the Reserve Bank of India (RBI) as of February 15, 2026. It details volumes, weighted average rates, and current rates for various money market instruments and RBI operations, including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The report also covers the cash reserve positions of scheduled commercial banks. **Key Points / Main Content** * **Money Market Operations (February 15, 2026)** * **Overnight Segment:** Lists volumes and weighted average rates for call money, triparty repo, market repo, and repo in corporate bonds. The volumes reported are 0.00 for all the listed segments. * **Term Segment:** Lists volumes and weighted average rates for notice money, term money, triparty repo, market repo, and repo in corporate bonds. The volumes reported are 0.00 for all the listed segments. * **RBI Operations** * **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:** * MSF: Auction Date is Sun, 15/02/2026, Tenor is 1 day, Maturity Date is Mon, 16/02/2026, Amount is 15.00, Current Rate/Cut off Rate is 5.50. * SDF: Auction Date is Sun, 15/02/2026, Tenor is 1 day, Maturity Date is Mon, 16/02/2026, Amount is 3,70,924.00, Current Rate/Cut off Rate is 5.00. * Net liquidity injected from today's operations [injection (+)/absorption (-)]*: -3,70,909.00 * **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Outstanding Operations:** * Repo Operation: Auction Date is Fri, 30/01/2026, Tenor is 90 days, Maturity Date is Thu, 30/04/2026, Amount is 22,651.00, Rate is 5.34. * Repo Operation: Auction Date is Fri, 30/01/2026, Tenor is 90 days, Maturity Date is Thu, 30/04/2026, Amount is 1,05,750.00, Rate is 5.26. * MSF: Auction Date is Sat, 14/02/2026, Tenor is 2 days, Maturity Date is Mon, 16/02/2026, Amount is 0.00, Rate is 5.50. * MSF: Auction Date is Fri, 13/02/2026, Tenor is 3 days, Maturity Date is Mon, 16/02/2026, Amount is 700.00, Rate is 5.50. * SDF: Auction Date is Sat, 14/02/2026, Tenor is 2 days, Maturity Date is Mon, 16/02/2026, Amount is 0.00, Rate is 5.00. * SDF: Auction Date is Fri, 13/02/2026, Tenor is 3 days, Maturity Date is Mon, 16/02/2026, Amount is 82,789.00, Rate is 5.00. * Standing Liquidity Facility (SLF) Availed from RBI: 6,993.50 * Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*: 53,305.50 * Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]*: -3,17,603.50 * **Reserve Position** * Cash Reserves Position of Scheduled Commercial Banks: * Cash balances with RBI as on February 15, 2026: 7,28,348.81 * Average daily cash reserve requirement for the fortnight ending February 15, 2026: 7,52,476.00 * Government of India Surplus Cash Balance Reckoned for Auction as on February 13, 2026: 0.00 * Net durable liquidity [surplus (+)/deficit (-)] as on January 31, 2026: 4,53,843.00 **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** The data on cash reserve positions and the details of LAF, MSF, and SDF operations provide insights into the liquidity conditions in the banking system. Banks can use this information to manage their own liquidity and make informed decisions about their participation in money market instruments. * **Action Required:** Banks should review the report to understand the current liquidity situation and adjust their strategies accordingly. They must also ensure they meet the average daily cash reserve requirements. **Government of India** * **Impact:** The report provides information on the government's surplus cash balance, which is relevant for managing government finances and liquidity. * **Action Required:** The Government can use the data to inform decisions related to cash management and potential auctions. **Market Participants (other banks, financial institutions, corporate entities)** * **Impact:** Provides insights into market liquidity and interest rate trends, which inform investment and funding strategies. * **Action Required:** Understand the liquidity and rate environment for better decision-making.

Key Entities Referenced