Money Market Operations as on March 01, 2026

**Executive Summary** This document details the Reserve Bank of India's Money Market Operations as of March 01, 2026. It outlines the day's transactions in various money market segments, including liquidity adjustment facilities and outstanding operations. Key dates for these operations and their respective tenors and maturity dates are provided. **Key Points / Main Content** * **Money Market Operations Overview:** * No activity was recorded for Overnight and Term Segments in Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond as of March 01, 2026. * Notice Money and Term Money also showed no transactions. * **RBI Operations - Liquidity Adjustment Facility (LAF), MSF & SDF:** * **Today's Operations (March 01, 2026):** * A Repo Operation was conducted with a fixed rate, amounting to ₹1,036.00 crore at a rate of 5.50%. * The Standing Deposit Facility (SDF) injection was ₹3,00,689.00 crore at a rate of 5.00%. * The net liquidity injected through today's operations (Repo + SDF) resulted in an absorption of ₹2,99,653.00 crore. * **Outstanding Operations:** * Fixed Rate Repo Operations of ₹22,651.00 crore (rate 5.34%) and Reverse Repo Operations of ₹1,03,875.00 crore (rate 5.26%) were outstanding. These have a tenor of 90 days and mature on April 30, 2026. * MSF operations amounting to ₹171.00 crore (rate 5.50%) and ₹92.00 crore (rate 5.50%) were outstanding with a tenor of 2 and 3 days respectively, maturing on March 02, 2026. * SDF operations amounting to ₹2,408.00 crore (rate 5.00%) and ₹44,768.00 crore (rate 5.00%) were outstanding with a tenor of 2 and 3 days respectively, maturing on March 02, 2026. * Standing Liquidity Facility (SLF) availed from RBI was ₹7,418.38 crore. * Net liquidity injected from outstanding operations was ₹87,031.38 crore. * The overall net liquidity injected (outstanding including today's operations) was ₹2,12,621.62 crore. * **Reserve Position:** * Cash balances with RBI on March 01, 2026, were ₹8,22,675.03 crore. * The average daily cash reserve requirement for the fortnight ending March 15, 2026, was ₹7,63,554.00 crore. * There was no transaction for Government of India Surplus Cash Balance Reckoned for Auction on February 27, 2026. * Net durable liquidity (surplus) as on February 15, 2026, was ₹5,60,171.00 crore. **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Banks are involved in the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF) operations, both for injecting and absorbing liquidity. The net liquidity position and reserve requirements directly affect their liquidity management. * **Action Required:** Monitor their cash reserves with the RBI and adjust their borrowing and lending strategies based on the liquidity injected or absorbed through the operations detailed. **Reserve Bank of India (RBI)** * **Impact:** The RBI is the facilitator of these money market operations, managing liquidity in the system through Repo, Reverse Repo, MSF, and SDF. The data reflects the RBI's management of monetary policy and liquidity. * **Action Required:** Continue to monitor market liquidity and adjust policy rates and operations as needed to maintain financial stability. **Clearing Corporation of India Limited (CCIL)** * **Impact:** CCIL is mentioned as a basis for the reserve position, indicating its role in settlement and reconciliation of transactions. * **Action Required:** Continue to facilitate the settlement of money market transactions.

Key Entities Referenced