**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI), dated February 02, 2026, detailing money market operations as of January 30, 2026. It presents data on overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The report includes information on outstanding operations and the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations (as of January 30, 2026)**
* **Overnight Segment:** Total volume is ₹14,491.82 Crore with a weighted average rate of 4.97% and a range of 4.20-6.45%. It includes call money, triparty repo, market repo, and repo in corporate bonds.
* **Term Segment:** Total volume is ₹14,593.46 Crore with a weighted average rate of 5.49% and a range of 4.50-5.55%. It includes notice money, term money, triparty repo, market repo, and repo in corporate bonds.
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), & Standing Deposit Facility (SDF) - Today's Operations (Jan 30, 2026):**
* **Variable Rate Repo Operation:** ₹25,004.00 Crore at 5.34% (90-day tenor), ₹1,11,500.00 at 5.26% (90-day tenor)
* **MSF:** ₹1,297.00 Crore for 1-day at 5.50%, ₹0.00 Crore for 2-day at 5.50%, ₹1,240.00 Crore for 3-day at 5.50%
* **SDF:** ₹2,92,628.00 Crore for 1-day at 5.00%, ₹0.00 Crore for 2-day at 5.00%, ₹6,016.00 Crore for 3-day at 5.00%
* Net liquidity injected from today's operations (absorption) is ₹-1,59,603.00 Crore.
* **Outstanding Operations:**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹13,252.05 Crore.
* Net liquidity injected from outstanding operations (injection): ₹13,252.05 Crore.
* Net liquidity injected (outstanding including today's operations) (absorption): ₹-1,46,350.95 Crore.
* **Reserve Position (as of January 30/31, 2026)**
* Cash balances with RBI as on January 30, 2026: ₹7,71,245.03 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 (as of January 30, 2026)**
* ₹1,36,504.00 Crore.
* **Net durable liquidity [surplus (+)/deficit (-)] as on (December 31, 2025)**
* ₹3,43,698.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to manage their liquidity positions in accordance with the money market conditions and RBI operations. The report provides insights into the availability and cost of funds in the market.
* **Action Required:** Banks must review their cash reserve positions and adjust their borrowing and lending strategies based on the information provided in the report to optimize their financial performance and ensure compliance with regulatory requirements.
**Financial Institutions**
* **Impact:** Financial Institutions are affected by the conditions in the money markets
* **Action Required:** Financial Institutions must review their short-term investment and funding decisions based on the report.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, responsible for monetary policy and regulation of the banking system.
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 funds overnight from the RBI against their government securities portfolio.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb excess liquidity from the banking system without requiring collateral.
Standing Liquidity Facility (SLF): A liquidity support provided by RBI to specific institutions to address temporary liquidity mismatches.
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
February 02, 2026
Money Market Operations as on January 30, 2026
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 14,491.82 4.97 4.20-6.45
I. Call Money 1,251.50 4.92 4.50-5.55
II. Triparty Repo 7,893.95 4.67 4.20-5.25
III. Market Repo 250.82 4.63 4.25-4.75
IV. Repo in Corporate Bond 5,095.55 5.47 5.40-6.45
B. Term Segment
I. Notice Money** 14,593.46 5.49 4.50-5.55
II. Term Money@@ 806.00 - 5.70-6.75
III. Triparty Repo 4,80,450.25 5.16 4.40-5.40
IV. Market Repo 1,91,808.98 5.28 3.00-5.60
V. Repo in Corporate Bond 550.00 6.60 6.60-6.60
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 Fri, 30/01/2026 90~ Thu, 30/04/2026 25,004.00 5.34
Fri, 30/01/2026 90~~ Thu, 30/04/2026 1,11,500.00 5.26
(b) Reverse Repo Operation
3. MSF# Fri, 30/01/2026 1 Sat, 31/01/2026 1,297.00 5.50
Fri, 30/01/2026 2 Sun, 01/02/2026 0.00 5.50
Fri, 30/01/2026 3 Mon, 02/02/2026 1,240.00 5.50
4. SDFΔ# Fri, 30/01/2026 1 Sat, 31/01/2026 2,92,628.00 5.00
Fri, 30/01/2026 2 Sun, 01/02/2026 0.00 5.00
Fri, 30/01/2026 3 Mon, 02/02/2026 6,016.00 5.00
5. Net liquidity injected from today's
-1,59,603.00
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$ 13,252.05
E. Net liquidity injected from outstanding operations [injection
13,252.05
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,46,350.95
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on January 30, 2026 7,71,245.03
(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 30, 2026 1,36,504.00
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.
~ As per the Press Release No 2025-2026/1998 dated January 27, 2026.
~~ As per the Press Release No 2025-2026/2015 dated January 30, 2026.
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: 2025-2026/2027 Deputy General Manager
(Communications)