**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 02, 2026, provides an overview of money market operations as of January 01, 2026. It details volumes, weighted average rates, and ranges for various money market segments and RBI operations, including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release also includes information on cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations:**
* **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%.
* Call Money: Volume of ₹14,118.97 Crore, average rate of 5.35%
* Triparty Repo: Volume of ₹4,39,396.35 Crore, average rate of 5.20%
* Market Repo: Volume of ₹1,90,923.76 Crore, average rate of 5.32%
* Repo in Corporate Bond: Volume of ₹3,209.45 Crore, average rate of 5.45%
* **Term Segment:**
* Notice Money: Volume of ₹359.50 Crore, average rate of 5.40%
* Term Money: Volume of ₹959.50 Crore
* Triparty Repo: Volume of ₹2,351.00 Crore, average rate of 5.51%
* Market Repo: Volume of ₹4,925.52 Crore, average rate of 5.50%
* Repo in Corporate Bond: Volume of ₹0.00 Crore
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* 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: -₹34,653.00 Crore
* **Outstanding Operations:**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹10,787.70 Crore.
* Net liquidity injected from outstanding operations: ₹10,787.70 Crore.
* Net liquidity injected (outstanding including today's operations): -₹23,865.30 Crore.
* **Reserve Position:**
* Cash Reserves Position of Scheduled Commercial Banks (as on 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 on January 01, 2026: ₹57,797.00 Crore.
* Net durable liquidity (surplus (+)/deficit (-)) as on December 12, 2025: ₹3,25,160.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are directly affected by the various rates and liquidity measures announced, influencing their borrowing and lending strategies. They must also maintain the required cash reserve ratios.
* **Action Required:** Banks must align their operations with the mentioned rates and regulations to manage their liquidity and meet reserve requirements.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for monetary policy and regulation of the financial system.
Liquidity Adjustment Facility (LAF): A tool used by RBI 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 RBI against government securities.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb excess liquidity from the banking system without any collateral.
Mumbai: Location of the Department of Communication, Central Office, RBI
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)