**Summary:**
This press release from the Reserve Bank of India (RBI), dated August 22, 2025, provides details on money market operations as of August 21, 2025.
**Money Market Operations:**
* **Overnight Segment:** Total volume of ₹6,34,112.67 crore. Call money averaged 5.52% on a volume of ₹19,022.22 crore. Triparty Repo averaged 5.55% on a volume of ₹4,15,978.15 crore. Market Repo averaged 5.13% on a volume of ₹1,96,101.80 crore. Repo in Corporate Bond averaged 5.72% on a volume of ₹3,010.50 crore.
* **Term Segment:** Notice Money averaged 5.36% on a volume of ₹138.00 crore. Term Money volume was ₹1,129.50 crore. Triparty Repo volume was ₹1,558.00 crore. Market Repo volume was ₹286.99 crore. No Repo in Corporate Bond transactions were reported.
**RBI Operations (Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF)):**
* **Today's Operations (August 21, 2025):** Fixed rate repo of ₹31,025.00 crore at 5.51% (1-day tenor), MSF of ₹7,687.00 crore at 5.75% (1-day tenor), and SDF of ₹83,484.00 crore at 5.25% (1-day tenor).
* **Outstanding Operations:** Fixed rate reverse repo of ₹1,82,790.00 crore at 5.49% (8-day tenor, maturing August 22, 2025).
* **Net Liquidity Injection:** ₹44,772.00 crore injected from today's operations and ₹1,72,697.13 crore injected from outstanding operations, totaling ₹2,17,469.13 crore.
* **Standing Liquidity Facility (SLF):** ₹10,092.87 crore availed from RBI.
**Reserve Position:**
* **Cash Reserves of Scheduled Commercial Banks (August 21, 2025):** Cash balances with RBI: ₹9,28,785.38 crore. Average daily cash reserve requirement for the fortnight ending August 22, 2025: ₹9,57,697.00 crore.
* **Government of India Surplus Cash Balance (August 21, 2025):** ₹31,025.00 crore reckoned for auction.
* **Net Durable Liquidity Surplus/Deficit (July 25, 2025):** Surplus of ₹5,57,712.00 crore.
**Contact:**
Ajit Prasad, Deputy General Manager, Communications. Email: helpdocrbi.org.in, Phone: 022 2266 0502. Website: www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Mumbai, Maharashtra: City in India where the Central Office of the Reserve Bank of India is located.
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 overnight funds from the Reserve Bank of India.
Standing Deposit Facility (SDF): A facility that allows the Reserve Bank of India to absorb liquidity from the banking system without any collateral.
Repo: Repurchase agreement, a form of short-term borrowing for dealers in government securities.
Reverse Repo: A monetary policy instrument used by the Reserve Bank of India to absorb liquidity from the banking system.
Ajit Prasad: Deputy General Manager, Communications at Reserve Bank of India
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
August 22, 2025
Money Market Operations as on August 21, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,34,112.67 5.42 0.20-6.55
I. Call Money 19,022.22 5.52 4.75-5.75
II. Triparty Repo 4,15,978.15 5.55 5.40-5.77
III. Market Repo 1,96,101.80 5.13 0.20-5.90
IV. Repo in Corporate Bond 3,010.50 5.72 5.60-6.55
B. Term Segment
I. Notice Money** 138.00 5.36 5.00-5.55
II. Term Money@@ 1,129.50 - 5.20-5.80
III. Triparty Repo 1,558.00 5.56 5.55-5.70
IV. Market Repo 286.99 5.66 5.66-5.66
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&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo Thu, 21/08/2025 1 Fri, 22/08/2025 31,025.00 5.51
(b) Reverse Repo
3. MSF# Thu, 21/08/2025 1 Fri, 22/08/2025 7,687.00 5.75
4. SDFΔ# Thu, 21/08/2025 1 Fri, 22/08/2025 83,484.00 5.25
5. Net liquidity injected from today's
-44,772.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo Thu, 14/08/2025 8 Fri, 22/08/2025 1,82,790.00 5.49
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,092.87
E. Net liquidity injected from outstanding operations [injection
-1,72,697.13
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,17,469.13
operations) [injection (+)/absorption (-)]*
RESERVE POSITION@2
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on August 21, 2025 9,28,785.38
(ii) Average daily cash reserve requirement for the fortnight ending August 22, 2025 9,57,697.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ August 21, 2025 31,025.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on July 25, 2025 5,57,712.00
@ 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. 2019-2020/1900 dated February 06, 2020.
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.
Ajit Prasad
Press Release: 2025-2026/952 Deputy General Manager
(Communications)