Money Market Operations as on March 03, 2026

**Executive Summary** This document details the Money Market Operations and Reserve Position of the Reserve Bank of India (RBI) as of March 03, 2026. It outlines liquidity adjustment facility operations, outstanding liquidity measures, and the cash reserves of scheduled commercial banks. Key dates include March 03, 2026, for current operations and various dates in March 2026 for reserve positions. **Key Points / Main Content** **Money Market Operations** * **Overnight Segment:** No transactions were recorded in Call Money, Triparty Repo, Market Repo, or Repo in Corporate Bond. * **Term Segment:** No transactions were recorded in Notice Money, Term Money, Triparty Repo, Market Repo, or Repo in Corporate Bond. **RBI Operations: Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)** * **Today's Operations:** * Fixed Rate Repo Operations: None conducted. * Variable Rate Repo Operations: None conducted. * Variable Rate Reverse Repo Operations: None conducted. * MSF: 3.00 crore at a rate of 5.50%. * SDF: 3,29,507.00 crore at a rate of 5.00%. * Net liquidity injected from today's operations: -3,29,504.00 crore (absorption). * **Outstanding Operations:** * Fixed Rate Repo Operations: 12,651.00 crore at a rate of 5.34% (Maturity Date: April 30, 2026). * Variable Rate Repo Operations: None conducted. * Variable Rate Reverse Repo Operations: 1,03,875.00 crore at a rate of 5.26% (Maturity Date: April 30, 2026). * MSF: 740.00 crore at a rate of 5.50% (Maturity Date: March 04, 2026). * SDF: 67,121.00 crore at a rate of 5.00% (Maturity Date: March 04, 2026). * Standing Liquidity Facility (SLF) Availed from RBI: 7,418.38 crore. * Net liquidity injected from outstanding operations: 57,563.38 crore. * Total net liquidity injected (outstanding including today's operations): -2,71,940.62 crore (absorption). **Reserve Position** * **Cash Reserves Position of Scheduled Commercial Banks:** * Cash balances with RBI as on March 03, 2026: 8,08,282.01 crore. * Average daily cash reserve requirement for the fortnight ending March 15, 2026: 7,63,554.00 crore. * **Government of India Surplus Cash Balance Reckoned for Auction:** 0.00 crore as on March 02, 2026. * **Net durable liquidity [surplus (+)/deficit (-)] as on February 15, 2026:** 5,60,171.00 crore. **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Banks are directly involved in the money market operations, including repo and reverse repo transactions, and MSF and SDF facilities. Their cash reserve positions are also reported. * **Action Required:** Monitor their liquidity positions and manage their cash reserves with the RBI in line with the reported operations and requirements. **Reserve Bank of India (RBI)** * **Impact:** The RBI is the facilitator and operator of these money market and liquidity facilities, managing the overall liquidity in the banking system. * **Action Required:** Continue to monitor and manage money market operations and reserve positions as per established procedures. **Market Participants (General)** * **Impact:** All participants in the Indian money market are affected by the reported liquidity levels and operational outcomes. * **Action Required:** Review the information to understand the prevailing liquidity conditions and inform their trading and investment decisions.

Key Entities Referenced