**Executive Summary**
This press release, dated February 16, 2026, from the Reserve Bank of India (RBI), details the money market operations as of February 15, 2026. It covers liquidity adjustment facilities, standing facilities, and cash reserve positions. The report specifies volumes, weighted average rates, amounts, and applicable dates for various operations.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Volume of operations is 0.00 across Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:** Volume of operations is 0.00 across Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **RBI Operations (Today's Operations):**
* Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) operations.
* MSF: Auction date of February 15, 2026, with a tenor of 1 day, maturing on February 16, 2026, for an amount of 15.00 at 5.50% current rate.
* SDFA: Auction date of February 15, 2026, with a tenor of 1 day, maturing on February 16, 2026, for an amount of 3,70,924.00 at 5.00% current rate.
* Net liquidity injected from today's operations (injection (+)/absorption (-)): -3,70,909.00
* **RBI Operations (Outstanding Operations):**
* Repo Operation: Auction date of January 30, 2026, with a tenor of 90 days, maturing on April 30, 2026, for an amount of 22,651.00 at 5.34%.
* Reverse Repo Operation: Auction date of January 30, 2026, with a tenor of 90 days, maturing on April 30, 2026, for an amount of 1,05,750.00 at 5.26%.
* MSF: Auction dates of February 14, 2026 (2 days tenor) and February 13, 2026 (3 days tenor), maturing on February 16, 2026, for an amounts of 0.00 and 700.00 respectively at 5.50%.
* SDFA: Auction dates of February 14, 2026 (2 days tenor) and February 13, 2026 (3 days tenor), maturing on February 16, 2026, for an amounts of 0.00 and 82,789.00 respectively at 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 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:** Directly affected by the liquidity adjustment facility operations, standing facilities, and reserve requirements as outlined in the report.
* **Action Required:** Need to monitor and manage their liquidity positions in accordance with the details provided in the report, including participation in repo/reverse repo auctions and maintaining required cash reserves with the RBI.
Key Entities Referenced
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India 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 funds from the Reserve Bank of India against their government securities portfolio at a penal interest rate.
Standing Deposit Facility (SDF): A tool that allows the Reserve Bank of India to absorb excess liquidity from the banks without any collateral.
Reserve Bank of India (RBI): The central bank of India responsible for monetary policy and regulation of the banking system.
Standing Liquidity Facility (SLF): A facility provided by the RBI to banks to meet their liquidity requirements.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
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 15, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 0.00 - -
I. Call Money 0.00 - -
II. Triparty Repo 0.00 - -
III. Market Repo 0.00 - -
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
IV. Market Repo 0.00 - -
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# Sun, 15/02/2026 1 Mon, 16/02/2026 15.00 5.50
4. SDFΔ# Sun, 15/02/2026 1 Mon, 16/02/2026 3,70,924.00 5.00
5. Net liquidity injected from today's
-3,70,909.00
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# Sat, 14/02/2026 2 Mon, 16/02/2026 0.00 5.50
Fri, 13/02/2026 3 Mon, 16/02/2026 700.00 5.50
4. SDFΔ# Sat, 14/02/2026 2 Mon, 16/02/2026 0.00 5.00
Fri, 13/02/2026 3 Mon, 16/02/2026 82,789.00 5.00
D. Standing Liquidity Facility (SLF) Availed from RBI$ 6,993.50
E. Net liquidity injected from outstanding operations [injection
53,305.50
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-3,17,603.50
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on February 15, 2026 7,28,348.81
(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 31, 2026 4,53,843.00
@ 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.
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: 2025-2026/2122 Deputy General Manager
(Communications)