**Executive Summary**
This press release from the Reserve Bank of India, dated January 27, 2026, reports on money market operations as of January 24, 2026. It details the volumes and weighted average rates of overnight and term segments, as well as RBI operations including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) and Standing Deposit Facility (SDF). The release also provides cash reserve positions of scheduled commercial banks. The next reserve requirement is due January 31, 2026.
**Key Points / Main Content**
* **Money Markets (as of January 24, 2026)**
* **Overnight Segment:** Reports volume and weighted average rates for call money, triparty repo, market repo, and repo in corporate bond. Volume is 0.00 across all segments.
* **Term Segment:** Reports volume and weighted average rates for notice money, term money, triparty repo, market repo, and repo in corporate bond. Volume is 0.00 across all segments.
* **RBI Operations (as of January 24, 2026)**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* **Today's Operations:** Details fixed rate and variable rate operations, including Repo Operation, Reverse Repo Operation, MSF, and SDFA, specifying auction date, tenor, maturity date, amount, and current rate/cut-off rate.
* **Outstanding Operations:** Details fixed rate and variable rate operations, including Repo Operation, Reverse Repo Operation, MSF, and SDFA, specifying auction date, tenor, maturity date, amount, and current rate/cut-off rate.
* Standing Liquidity Facility (SLF) Availed from RBI: Lists the amount.
* Net liquidity injected from outstanding operations: Lists the amount.
* Net liquidity injected (outstanding including today's operations): Lists the amount.
* **Reserve Position**
* **Cash Reserves Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on January 24, 2026: Lists the amount.
* Average daily cash reserve requirement for the fortnight ending January 31, 2026: Lists the amount.
* Government of India Surplus Cash Balance Reckoned for Auction as on January 23, 2026. Lists the amount
* Net durable liquidity [surplus (+)/deficit (-)] as on December 31, 2025: Lists the amount.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by cash reserve requirements and LAF, MSF, SDF and SLF operations.
* **Action Required:** Ensure compliance with cash reserve requirements and participate in LAF/MSF/SDF operations as needed.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, responsible for regulating the money market and conducting monetary policy.
Liquidity Adjustment Facility (LAF): A monetary policy 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 at a penal rate.
Standing Deposit Facility (SDF): A facility allowing the RBI to absorb liquidity from the banking system without any collateral.
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 27, 2026
Money Market Operations as on January 24, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 0.00 - -
I. Call Money 0.00 - -
II. Triparty Repo 0.00 - -
III. Market Repo 0.00 - -
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
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# Sat, 24/01/2026 1 Sun, 25/01/2026 5.00 5.50
Sat, 24/01/2026 2 Mon, 26/01/2026 0.00 5.50
Sat, 24/01/2026 3 Tue, 27/01/2026 60.00 5.50
4. SDFΔ# Sat, 24/01/2026 1 Sun, 25/01/2026 1,33,770.00 5.00
Sat, 24/01/2026 2 Mon, 26/01/2026 0.00 5.00
Sat, 24/01/2026 3 Tue, 27/01/2026 3,000.00 5.00
5. Net liquidity injected from today's
-1,36,705.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Thu, 22/01/2026 5 Tue, 27/01/2026 50,010.00 5.26
Wed, 21/01/2026 8 Thu, 29/01/2026 26,535.00 5.26
(b) Reverse Repo Operation
3. MSF# Fri, 23/01/2026 2 Sun, 25/01/2026 0.00 5.50
Fri, 23/01/2026 3 Mon, 26/01/2026 0.00 5.50
Fri, 23/01/2026 4 Tue, 27/01/2026 936.00 5.50
4. SDFΔ# Fri, 23/01/2026 2 Sun, 25/01/2026 150.00 5.00
Fri, 23/01/2026 3 Mon, 26/01/2026 25.00 5.00
Fri, 23/01/2026 4 Tue, 27/01/2026 3,940.00 5.00
D. Standing Liquidity Facility (SLF) Availed from RBI$ 13,252.05
E. Net liquidity injected from outstanding operations [injection
86,618.05
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-50,086.95
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on January 24, 2026 7,74,748.74
(ii) Average daily cash reserve requirement for the fortnight ending^ January 31, 2026 7,64,046.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ January 23, 2026 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on December 31, 2025 3,43,698.00
@ 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: 2025-2026/1988 Deputy General Manager
(Communications)