Money Market Operations as on February 22, 2026

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated February 23, 2026, outlines the money market operations as of February 22, 2026. It details the volumes, weighted average rates, and ranges for overnight and term segments, as well as RBI operations, including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release also provides the cash reserve positions of scheduled commercial banks. **Key Points / Main Content** * **Money Markets (as of February 22, 2026)** * **Overnight Segment:** Volumes are 0.00 for Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond. * **Term Segment:** Volumes are 0.00 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):** Details today's operations and outstanding operations. * **Today's Operations:** * MSF: Auction date Sun, 22/02/2026, tenor 1 day, maturity date Mon, 23/02/2026, amount 90.00, current rate 5.50. * SDFA: Auction date Sun, 22/02/2026, tenor 1 day, maturity date Mon, 23/02/2026, amount 2,51,663.00, current rate 5.00. * Net liquidity injected: -2,51,573.00. * **Outstanding Operations:** * Repo Operation: Auction date Fri, 30/01/2026, tenor 90 days, maturity date Thu, 30/04/2026, amount 22,651.00, rate 5.34. * Reverse Repo Operation: Auction date Fri, 30/01/2026, tenor 90 days, maturity date Thu, 30/04/2026, amount 1,03,875.00, rate 5.26. * MSF: Auction date Sat, 21/02/2026, tenor 2 days, maturity date Mon, 23/02/2026, amount 64.00, rate 5.50; Fri, 20/02/2026, tenor 3 days, maturity date Mon, 23/02/2026, amount 700.00, rate 5.50. * SDFA: Auction date Sat, 21/02/2026, tenor 2 days, maturity date Mon, 23/02/2026, amount 37,080.00, rate 5.00; Fri, 20/02/2026, tenor 3 days, maturity date Mon, 23/02/2026, amount 19,130.00, rate 5.00. * **Standing Liquidity Facility (SLF):** Availed from RBI is 6,687.34. * **Net Liquidity Injection:** Outstanding operations 77,767.34, Outstanding including today's operations -1,73,805.66. * **Reserve Position** * Cash Reserves Position of Scheduled Commercial Banks * Cash balances with RBI as on February 22, 2026: 7,78,624.74. * Average daily cash reserve requirement for the fortnight ending February 28, 2026: 7,65,963.00. * Government of India Surplus Cash Balance Reckoned for Auction as on February 20, 2026: 0.00. * Net durable liquidity as on January 31, 2026: 4,53,843.00. **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Banks need to be aware of the overnight and term segment rates and volumes to manage their liquidity. They also need to be aware of the details related to the LAF, MSF, and SDFA operations. * **Action Required:** Ensure compliance with cash reserve requirements and adjust liquidity management strategies based on the information provided in the press release. **Financial Institutions Participating in Repo/Reverse Repo/MSF/SDF** * **Impact:** The rates and amounts specified will influence the cost and availability of funds. * **Action Required:** Review and adjust bidding and investment strategies based on the auction results and the RBI's stance on liquidity.

Key Entities Referenced