Money Market Operations as on January 06, 2026

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated January 07, 2026, reports on money market operations as of January 06, 2026. It provides details on overnight and term segments, RBI operations including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). It also includes cash reserve positions of scheduled commercial banks as of January 06, 2026. **Key Points / Main Content** * **Money Market Operations (as of January 06, 2026):** * **Overnight Segment:** Volume: ₹6,76,409.49 Crore, Weighted Average Rate: 5.13%, Range: 3.00-6.30%. Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond. * **Term Segment:** Volume: ₹338.00 Crore, Weighted Average Rate: 5.35%, Range: 4.85-5.40%. Includes Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond. * **RBI Operations (Today's Operations):** * **Reverse Repo Operation (Variable Rate):** Auction Date: Tue, 06/01/2026, Tenor: 1 day, Maturity Date: Wed, 07/01/2026, Amount: ₹139.00 Crore, Current Rate/Cutoff Rate: 5.50%. * **SDFA (Variable Rate):** Auction Date: Tue, 06/01/2026, Tenor: 1 day, Maturity Date: Wed, 07/01/2026, Amount: ₹1,18,221.00 Crore, Current Rate/Cutoff Rate: 5.00%. * **Net liquidity injected from today's operations:** -₹1,18,082.00 Crore. * **RBI Operations (Outstanding Operations):** * **Repo Operation (Variable Rate):** Auction Date: Fri, 02/01/2026, Tenor: 5 days, Maturity Date: Wed, 07/01/2026, Amount: ₹25,795.00 Crore, Current Rate/Cutoff Rate: 5.26%. * **Other Liquidity Facilities:** * **Standing Liquidity Facility (SLF) Availed from RBI:** ₹12,152.70 Crore. * **Net liquidity injected from outstanding operations:** ₹37,947.70 Crore. * **Net liquidity injected (outstanding including today's operations):** -₹80,134.30 Crore. * **Reserve Position of Scheduled Commercial Banks:** * **Cash balances with RBI (as of January 06, 2026):** ₹7,74,679.22 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 06, 2026):** ₹0.00 Crore. * **Net durable liquidity [surplus (+)/deficit (-)] as on (December 12, 2025):** ₹3,25,160.00 Crore. **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Need to be aware of the cash reserve requirements and the liquidity conditions reported by RBI, as well as follow the changes in rates and the liquidity absorbed/injected by RBI. * **Action Required:** Ensure compliance with the average daily cash reserve requirements and manage their liquidity positions accordingly. **Money Market Participants (including institutions participating in Repo, MSF and SDFA auctions)** * **Impact:** Affected by policy rates and liquidity operations conducted by the RBI, which influence short-term funding costs and investment decisions. * **Action Required:** Monitor the outcomes of RBI's operations, particularly the rates and amounts absorbed or injected, to inform their trading and funding strategies.

Key Entities Referenced