**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated January 30, 2026, reports on money market operations as of January 29, 2026. It details volumes, weighted average rates, and ranges for various overnight and term segments, as well as RBI operations, including liquidity adjustment facilities. The report also includes the Cash Reserve Positions of Scheduled Commercial Banks.
**Key Points / Main Content**
* **Money Markets (January 29, 2026):**
* **Overnight Segment:** Total volume of ₹7,45,436.74 Crore, weighted average rate of 5.27%
* Call Money: ₹19,688.01 Crore, 5.31% rate
* Triparty Repo: ₹5,21,347.75 Crore, 5.27% rate
* Market Repo: ₹2,00,879.68 Crore, 5.26% rate
* Repo in Corporate Bond: ₹3,521.30 Crore, 5.41% rate
* **Term Segment:** Total volume of ₹491.50 Crore, weighted average rate of 5.32%
* Notice Money: ₹434.00 Crore
* Term Money: ₹1,059.40 Crore, 5.21% rate
* Triparty Repo: ₹38.25 Crore, 5.55% rate
* Market Repo: ₹0.00 Crore
* Repo in Corporate Bond: ₹0.00 Crore
* **RBI Operations (Today's Operations):**
* **Fixed Rate:**
* Repo Operation: ₹1,345.00 Crore, 5.50% rate, maturing on January 30, 2026
* Reverse Repo Operation: ₹1,03,800.00 Crore, 5.00% rate, maturing on January 30, 2026
* Net liquidity absorbed: ₹-1,02,455.00 Crore
* **RBI Operations (Outstanding Operations):**
* **Fixed Rate:**
* Repo Operation: ₹6,235.00 Crore, 5.26% rate, maturing on January 30, 2026.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹13,252.05 Crore
* Net liquidity injected from outstanding operations: ₹19,487.05 Crore
* Net liquidity absorbed (outstanding including today's operations): ₹-82,967.95 Crore
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI (January 29, 2026): ₹7,60,378.62 Crore
* Average daily cash reserve requirement for the fortnight ending January 31, 2026: ₹7,64,046.00 Crore
* Government of India Surplus Cash Balance Reckoned for Auction (January 29, 2026): ₹0.00 Crore
* Net durable liquidity (December 31, 2025): ₹3,43,698.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks' cash reserve requirements and liquidity positions are affected by the reported money market operations and RBI facilities.
* **Action Required:** Banks need to monitor these figures to manage their liquidity positions, ensure compliance with reserve requirements, and adjust their participation in money market instruments accordingly.
**Reserve Bank of India (RBI)**
* **Impact:** The RBI uses these operations to manage liquidity in the money market and control interest rates.
* **Action Required:** The RBI needs to analyze the data to inform future monetary policy decisions and liquidity management strategies.
**Financial Institutions/Market Participants**
* **Impact:** Understanding the volumes and rates in various market segments is essential for making informed trading and investment decisions.
* **Action Required:** Monitor market trends and adjust strategies based on the RBI's actions and their impact on market liquidity and interest rates.
Key Entities Referenced
Reserve Bank of India: India's central bank and regulator of the monetary system
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India to manage liquidity in the money market
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the Reserve Bank of India
Standing Deposit Facility (SDF): A tool enabling the Reserve Bank of India to absorb liquidity from the commercial banks without any collateral.
Money Market: The market for short-term debt instruments.
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 30, 2026
Money Market Operations as on January 29, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 7,45,436.74 5.27 1.00-6.30
I. Call Money 19,688.01 5.31 4.50-5.50
II. Triparty Repo 5,21,347.75 5.27 5.18-5.50
III. Market Repo 2,00,879.68 5.26 1.00-5.91
IV. Repo in Corporate Bond 3,521.30 5.41 5.35-6.30
B. Term Segment
I. Notice Money** 491.50 5.32 4.85-5.35
II. Term Money@@ 434.00 - 5.60-5.81
III. Triparty Repo 1,059.40 5.21 5.00-5.35
IV. Market Repo 38.25 5.55 5.55-5.55
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# Thu, 29/01/2026 1 Fri, 30/01/2026 1,345.00 5.50
4. SDFΔ# Thu, 29/01/2026 1 Fri, 30/01/2026 1,03,800.00 5.00
5. Net liquidity injected from today's
-1,02,455.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Wed, 28/01/2026 2 Fri, 30/01/2026 6,235.00 5.26
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 13,252.05
E. Net liquidity injected from outstanding operations [injection
19,487.05
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-82,967.95
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on January 29, 2026 7,60,378.62
(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 29, 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: 2025-2026/2011 Deputy General Manager
(Communications)