**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 16, 2026, provides details on money market operations as of January 14, 2026. It includes information on overnight and term segments, RBI operations, and cash reserve positions of scheduled commercial banks. Auction dates and maturity dates for various operations are specified.
**Key Points / Main Content**
* **Money Markets (January 14, 2026):**
* **Overnight Segment:** Total volume is ₹6,75,587.11 Crore, with a weighted average rate of 5.31% and a range of 0.01-5.98%.
* **Term Segment:** Includes Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond, with specific volumes and weighted average rates.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* Variable Rate Repo Operation: Auction date Wed, 14/01/2026 for a tenor of 2 days, maturing on Fri, 16/01/2026, with an amount of ₹29,114.00 Crore and a current rate of 5.26%.
* MSF: Auction date Wed, 14/01/2026 for tenors of 1 and 2 days.
* SDF: Auction date Wed, 14/01/2026 for tenors of 1 and 2 days.
* Net liquidity injected from today's operations: -₹89,617.00 Crore.
* **Outstanding Operations:** No operations listed at Fixed Rate.
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹13,178.66 Crore.
* **Net liquidity injected from outstanding operations:** ₹13,178.66 Crore.
* **Net liquidity injected (outstanding including today's operations):** -₹76,438.34 Crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on January 14, 2026: ₹7,49,334.88 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 14, 2026: ₹29,114.00 Crore.
* Net durable liquidity (surplus (+)/deficit (-)) as on December 12, 2025: ₹3,25,160.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to be aware of the overnight and term segment rates to make informed decisions in the money market. The cash reserve positions are listed.
* **Action Required:** Banks must maintain required cash reserve balances with the RBI.
**RBI**
* **Impact:** This information is crucial for RBI to monitor liquidity and money market conditions and execute monetary policy.
* **Action Required:** The RBI monitors and manages liquidity in the money market based on these operations.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for regulating money supply and credit in India, and conducts various liquidity operations.
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 funds from the RBI against their excess SLR securities.
Standing Deposit Facility (SDF): A facility used by the RBI to absorb liquidity from the banking system without any collateral.
Repo Operation: Repurchase agreement where the RBI lends money to banks against the collateral of government securities.
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 16, 2026
Money Market Operations as on January 14, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,75,587.11 5.31 0.01-5.98
I. Call Money 16,343.12 5.39 4.60-5.50
II. Triparty Repo 4,64,481.15 5.29 5.21-5.50
III. Market Repo 1,90,595.44 5.34 0.01-5.60
IV. Repo in Corporate Bond 4,167.40 5.47 5.40-5.98
B. Term Segment
I. Notice Money** 529.42 5.40 4.90-5.45
II. Term Money@@ 620.00 - 5.70-5.85
III. Triparty Repo 4,266.00 5.44 5.20-5.60
IV. Market Repo 9,564.45 5.40 2.25-5.50
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 Wed, 14/01/2026 2 Fri, 16/01/2026 29,114.00 5.26
(b) Reverse Repo Operation
3. MSF# Wed, 14/01/2026 1 Thu, 15/01/2026 288.00 5.50
Wed, 14/01/2026 2 Fri, 16/01/2026 500.00 5.50
4. SDFΔ# Wed, 14/01/2026 1 Thu, 15/01/2026 1,17,463.00 5.00
Wed, 14/01/2026 2 Fri, 16/01/2026 2,056.00 5.00
5. Net liquidity injected from today's
-89,617.00
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
-76,438.34
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on January 14, 2026 7,49,334.88
(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 14, 2026 29,114.00
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: 2025-2026/1929 Deputy General Manager
(Communications)