**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 02, 2026, reports on money market operations as of January 01, 2026. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF), as well as the cash reserve position of scheduled commercial banks. There are no specific deadlines or action items mentioned within the context of the document.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume is ₹6,47,648.53 Crore, with a weighted average rate of 5.24% and a range of 0.01-6.40%.
* **Term Segment:** Includes Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond, each with specified volumes and weighted average rates.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations (January 01, 2026):**
* Repo Operation: ₹57,797.00 Crore at 5.26%
* MSF: ₹5,230.00 Crore at 5.50%
* SDFA: ₹97,680.00 Crore at 5.00%
* Net liquidity injected from today's operations: -₹34,653.00 Crore.
* **Outstanding Operations:** Values are given for Fixed Rate, Variable Rate, MSF, and SDFA, but no amounts are specified.
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹10,787.70 Crore.
* **Net liquidity injected from outstanding operations:** ₹10,787.70 Crore.
* **Net liquidity injected from outstanding (including today's operations):** -₹23,865.30 Crore.
* **Reserve Position:**
* **Cash Reserves Position of Scheduled Commercial Banks (as of January 01, 2026):** ₹7,94,731.83 Crore.
* **Average Daily Cash Reserve Requirement (for the fortnight ending January 15, 2026):** ₹7,48,477.00 Crore.
* **Government of India Surplus Cash Balance Reckoned for Auction (as of January 01, 2026):** ₹57,797.00 Crore.
* **Net durable liquidity (as of December 12, 2025):** ₹3,25,160.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** The report details their cash reserve requirements and positions with the RBI, affecting their liquidity management and compliance.
* **Action Required:** Banks need to ensure they meet the cash reserve requirements.
**Stakeholder: Financial Market Participants**
* **Impact:** The report provides insights into money market rates and volumes, influencing their trading and investment strategies.
* **Action Required:** Participants should analyze the data to make informed decisions about their money market activities.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** As the regulatory body, the report is an internal update on the efficacy of its monetary policy operations.
* **Action Required:** The RBI likely uses this data to calibrate its future operations and liquidity management strategies.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank; primary subject of the press release regarding money market operations.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb liquidity from the banking system.
Mumbai: Location of the Central Office of the Department of Communication of RBI, implying operational significance.
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
January 02, 2026
Money Market Operations as on January 01, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,47,648.53 5.24 0.01-6.40
I. Call Money 14,118.97 5.35 4.50-5.45
II. Triparty Repo 4,39,396.35 5.20 4.95-5.30
III. Market Repo 1,90,923.76 5.32 0.01-5.54
IV. Repo in Corporate Bond 3,209.45 5.45 5.35-6.40
B. Term Segment
I. Notice Money** 359.50 5.40 4.90-5.45
II. Term Money@@ 959.50 - 5.50-5.82
III. Triparty Repo 2,351.00 5.51 5.00-5.60
IV. Market Repo 4,925.52 5.50 5.40-5.55
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 Thu, 01/01/2026 1 Fri, 02/01/2026 57,797.00 5.26
(b) Reverse Repo Operation
3. MSF# Thu, 01/01/2026 1 Fri, 02/01/2026 5,230.00 5.50
4. SDFΔ# Thu, 01/01/2026 1 Fri, 02/01/2026 97,680.00 5.00
5. Net liquidity injected from today's
-34,653.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,787.70
E. Net liquidity injected from outstanding operations [injection
10,787.70
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-23,865.30
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on January 01, 2026 7,94,731.83
(ii) Average daily cash reserve requirement for the fortnight ending^ January 15, 2026 7,48,477.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 01, 2026 57,797.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on December 12, 2025 3,25,160.00
@ 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: 2025-2026/1829 Deputy General Manager
(Communications)