**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 14, 2026, reports on money market operations as of January 13, 2026. It provides details on overnight and term segment transactions, RBI operations, and the cash reserve position of scheduled commercial banks. The report also shows the net liquidity injected into the market.
**Key Points / Main Content**
* **Money Market Operations (as of January 13, 2026):**
* **Overnight Segment:** Total volume of ₹7,09,849.86 Crore, with a weighted average rate of 5.28% and a range of 1.50-6.40%. Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:** Transactions include Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF):**
* Fixed-rate reverse repo operation of ₹1,14,646.00 Crore at 5.00%.
* MSF of ₹925.00 Crore at 5.50%
* Net liquidity injected from today's operations is ₹-1,13,721.00 Crore.
* **Standing Liquidity Facility (SLF):** ₹13,178.66 Crore availed from RBI.
* **Net Liquidity:**
* Net liquidity injected from outstanding operations is ₹13,178.66 Crore.
* Net liquidity injected (outstanding including today’s operations) is ₹-1,00,542.34 Crore.
* **Reserve Position (Scheduled Commercial Banks):**
* Cash balances with RBI as on 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:** Banks need to be aware of the money market rates and liquidity conditions to manage their funds effectively. They also need to maintain the required cash reserves with the RBI.
* **Action Required:** Ensure compliance with the cash reserve requirements and adjust their liquidity management strategies based on the reported market operations.
**RBI**
* **Impact:** This report is an output of the RBI's actions to control money supply and maintain financial stability in the market.
* **Action Required:** Monitor the impact of its operations and adjust strategies as necessary to achieve desired liquidity and interest rate levels.
**Market Participants (Other Financial Institutions and Corporates)**
* **Impact:** Money market rates influence borrowing costs and investment decisions. Liquidity conditions affect the availability of funds.
* **Action Required:** Stay informed about market trends and adjust financial strategies accordingly.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, which is responsible for regulating the money supply and credit system, as well as managing the country's foreign exchange reserves.
Liquidity Adjustment Facility (LAF): A tool used by the 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 from the RBI against their excess SLR securities.
Standing Deposit Facility (SDF): A tool for absorbing liquidity from the banking system without any collateral.
Money Market Operations: Transactions in the money market that affect the liquidity conditions in the financial system.
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)