**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 14, 2026, reports on the money market operations as of January 13, 2026. It details volumes, weighted average rates, and ranges for various segments, including overnight and term money markets, as well as RBI operations such as the Liquidity Adjustment Facility (LAF). The release also covers the cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations (as of January 13, 2026)**
* **Overnight Segment:** Total volume is ₹7,09,849.86 crore, with a weighted average rate of 5.28% (range: 1.50-6.40%).
* **Term Segment:** Notice money volume is ₹1,308.65 crore, with a weighted average rate of 5.27% (range: 4.60-5.40%).
* **RBI Operations**
* **Today's Operations (January 13, 2026):**
* Reverse Repo Operation: ₹1,14,646.00 crore at 5.00%.
* MSF: ₹925.00 crore at 5.50%.
* Net liquidity injected: -₹1,13,721.00 crore.
* **Standing Liquidity Facility (SLF):** Availed from RBI: ₹13,178.66 crore.
* **Net Liquidity (Outstanding):** ₹13,178.66 crore.
* **Net Liquidity (Outstanding including Today's):** -₹1,00,542.34 crore.
* **Reserve Position (Cash Reserves Position of Scheduled Commercial Banks)**
* Cash balances with RBI (January 13, 2026): ₹7,25,042.16 crore.
* Average daily cash reserve requirement for the fortnight ending (January 15, 2026): ₹7,48,477.00 crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by the overnight and term money market rates, the liquidity conditions dictated by RBI operations, and the cash reserve requirements.
* **Action Required:** Banks must manage their liquidity positions to comply with the cash reserve requirements and adjust their lending and borrowing strategies based on the prevailing money market rates.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for monetary policy and regulation of the banking system.
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 funds overnight from the RBI against their excess Statutory Liquidity Ratio (SLR) securities.
Standing Deposit Facility (SDF): A tool allowing the RBI to absorb excess liquidity from the commercial banks without any collateral.
Mumbai: Location of the Central Office of the Department of Communication of the Reserve Bank of India.
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 14, 2026
Money Market Operations as on January 13, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 7,09,849.86 5.28 1.50-6.40
I. Call Money 16,979.29 5.35 4.50-5.55
II. Triparty Repo 4,90,765.15 5.26 5.15-5.54
III. Market Repo 1,97,977.92 5.33 1.50-5.85
IV. Repo in Corporate Bond 4,127.50 5.47 5.35-6.40
B. Term Segment
I. Notice Money** 1,308.65 5.27 4.60-5.40
II. Term Money@@ 1,322.30 - 5.60-6.25
III. Triparty Repo 4,646.85 5.29 5.00-5.55
IV. Market Repo 0.00 - -
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
(b) Reverse Repo Operation
3. MSF# Tue, 13/01/2026 1 Wed, 14/01/2026 925.00 5.50
4. SDFΔ# Tue, 13/01/2026 1 Wed, 14/01/2026 1,14,646.00 5.00
5. Net liquidity injected from today's
-1,13,721.00
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$ 13,178.66
E. Net liquidity injected from outstanding operations [injection
13,178.66
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,00,542.34
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on January 13, 2026 7,25,042.16
(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 13, 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: 2025-2026/1915 Deputy General Manager
(Communications)