**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 13, 2026, outlines the money market operations as of January 12, 2026. It details the volume, weighted average rate, and range of various money market segments. It also includes information on the Cash Reserves Position of Scheduled Commercial Banks. The maturity date for specific operations is Tue, 13/01/2026.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume is 6,82,270.25 with a weighted average rate of 5.14 and a range of 2.00-6.35. Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:** Total volume is 338.70 with a weighted average rate of 5.33 and a range of 4.70-5.40. Includes 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):**
* **Today's Operations:** Include Fixed Rate and Variable Rate operations with details on Repo and Reverse Repo operations, MSF, and SDFA.
* Net liquidity injected from today's operations: -1,56,800.00.
* **Outstanding Operations:** Include Fixed Rate and Variable Rate operations with details on Repo and Reverse Repo operations.
* Standing Liquidity Facility (SLF) Availed from RBI: 13,178.66
* Net liquidity injected from outstanding operations: 1,40,388.66
* Net liquidity injected (outstanding including today's operations): -16,411.34
* **Reserve Position:**
* **Cash Reserves Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on January 12, 2026: 7,28,813.49
* Average daily cash reserve requirement for the fortnight ending January 15, 2026: 7,48,477.00
* Government of India Surplus Cash Balance Reckoned for Auction as on January 12, 2026: 0.00
* Net durable liquidity [surplus (+)/deficit (-)] as on December 12, 2025: 3,25,160.00
**Impact Analysis**
* **Scheduled Commercial Banks**
**Impact**
* Affected by changes in cash reserve requirements and money market rates.
* Impacted by the availability and cost of liquidity through various RBI facilities.
**Action Required**
* Adjust cash reserves based on the updated requirements.
* Monitor money market rates and liquidity conditions to manage funds effectively.
* **Government of India**
**Impact**
* Impacted by the management of surplus cash balances and overall liquidity in the economy.
**Action Required**
* Monitor the impact of money market operations on government finances.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for monetary policy and regulation of the banking system, and directly involved in the operations described.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against their SLR portfolio.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banking system without the need for collateral.
Money Market: The market for short-term debt instruments, where the operations described take place.
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 13, 2026
Money Market Operations as on January 12, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,82,270.25 5.14 2.00-6.35
I. Call Money 16,029.49 5.32 4.30-5.40
II. Triparty Repo 4,68,466.40 5.06 4.00-5.25
III. Market Repo 1,94,101.76 5.29 2.00-6.00
IV. Repo in Corporate Bond 3,672.60 5.47 5.45-6.35
B. Term Segment
I. Notice Money** 338.70 5.33 4.70-5.40
II. Term Money@@ 1,176.50 - 5.45-6.05
III. Triparty Repo 6,988.95 5.30 5.05-5.50
IV. Market Repo 2,135.26 5.46 5.00-5.50
V. Repo in Corporate Bond 630.00 6.55 6.55-6.55
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# Mon, 12/01/2026 1 Tue, 13/01/2026 291.00 5.50
4. SDFΔ# Mon, 12/01/2026 1 Tue, 13/01/2026 1,57,091.00 5.00
5. Net liquidity injected from today's
-1,56,800.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Fri, 09/01/2026 4 Tue, 13/01/2026 50,011.00 5.27
Fri, 09/01/2026 4 Tue, 13/01/2026 77,199.00 5.26
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 13,178.66
E. Net liquidity injected from outstanding operations [injection
1,40,388.66
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-16,411.34
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on January 12, 2026 7,28,813.49
(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 12, 2026 0.00
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: 2025-2026/1907 Deputy General Manager
(Communications)