**Executive Summary**
This report, released by the Reserve Bank of India (RBI) on February 02, 2026, details money market operations as of January 30, 2026. It provides data on overnight and term segments, RBI operations including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF), and the cash reserve position of scheduled commercial banks. The report also includes information on government of India surplus cash balance reckoned for auction as on January 30, 2026.
**Key Points / Main Content**
* **Money Market Operations (as of January 30, 2026)**
* **Overnight Segment:** Total volume ₹14,491.82 Crore with a weighted average rate of 4.97%.
* Call Money: Volume ₹1,251.50 Crore, average rate 4.92%.
* Triparty Repo: Volume ₹7,893.95 Crore, average rate 4.67%.
* Market Repo: Volume ₹250.82 Crore, average rate 4.63%.
* Repo in Corporate Bond: Volume ₹5,095.55 Crore, average rate 5.47%.
* **Term Segment:** Total volume ₹14,593.46 Crore with a weighted average rate of 5.49%.
* Notice Money: Volume ₹806.00 Crore.
* Triparty Repo: Volume ₹4,80,450.25 Crore, average rate 5.16%.
* Market Repo: Volume ₹1,91,808.98 Crore, average rate 5.28%.
* Repo in Corporate Bond: Volume ₹550.00 Crore, average rate 6.60%.
* **RBI Operations (January 30, 2026):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)**
* **Repo Operation (Variable Rate):** ₹25,004.00 Crore at 5.34% and ₹1,11,500.00 Crore at 5.26% with a tenor of 90 days maturing on Thu, 30/04/2026.
* **MSF:** ₹1,297.00 Crore for 1 day, ₹0.00 Crore for 2 days, ₹1,240.00 Crore for 3 days at 5.50%.
* **SDF:** ₹2,92,628.00 Crore for 1 day, ₹0.00 Crore for 2 days, ₹6,016.00 Crore for 3 days at 5.00%.
* Net liquidity injected (absorption): -₹1,59,603.00 Crore.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹13,252.05 Crore.
* **Reserve Position (as of indicated dates):**
* 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 on 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**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Affected by changes in liquidity conditions, repo rates, and reserve requirements. The report provides them with crucial data on market trends and RBI operations.
* **Action Required:** Banks need to adjust their liquidity management strategies based on the reported figures, including participation in LAF, MSF, and SDF operations.
**Stakeholder: Financial Institutions & Market Participants**
* **Impact:** Influenced by the overall liquidity situation and interest rate movements in the money market. The data in the report is essential for their trading and investment decisions.
* **Action Required:** Market participants need to analyze the trends in overnight and term segments to refine their strategies and manage risks effectively.
**Stakeholder: Government**
* **Impact:** Impacted by the liquidity situation and the RBI's monetary policy stance.
* **Action Required:** Monitor the surplus cash balance reckoned for auction to effectively manage the fund.
Key Entities Referenced
Reserve Bank of India: India's central bank, responsible for regulating the money market.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to inject or absorb liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI against their excess SLR securities.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banking system without the need for 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
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)