**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated December 2, 2025, reports on money market operations as of December 1, 2025. It details volumes, weighted average rates, and ranges for various money market segments, along with RBI operations, including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The next key date is December 12, 2025, for the average daily cash reserve requirement.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume of ₹6,59,386.37 crore, with a weighted average rate of 5.26% and a range of 4.00-6.40%.
* Call Money: ₹18,280.75 crore, 5.42% weighted average rate.
* Triparty Repo: ₹4,15,631.00 crore, 5.20% weighted average rate.
* Market Repo: ₹2,22,758.12 crore, 5.37% weighted average rate.
* Repo in Corporate Bond: ₹2,716.50 crore, 5.53% weighted average rate.
* **Term Segment:**
* Notice Money: ₹179.35 crore, 5.27% weighted average rate.
* Term Money: ₹696.30 crore.
* Triparty Repo: ₹3,141.25 crore, 5.33% weighted average rate.
* Market Repo: ₹1,455.68 crore, 5.48% weighted average rate.
* Repo in Corporate Bond: ₹0.00 crore.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* Repo Operation (Variable Rate): ₹56,935.00 crore, 5.49% current rate, Maturity Date of December 05, 2025.
* MSF: ₹808.00 crore, 5.75% current rate, Maturity Date of December 02, 2025.
* SDFA: ₹2,12,277.00 crore, 5.25% current rate, Maturity Date of December 02, 2025.
* Net liquidity injected (Today's Operations): -₹2,68,404.00 crore.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹9,637.36 crore.
* Net liquidity injected (outstanding operations): ₹9,637.36 crore.
* Net liquidity injected (outstanding including today's operations): -₹2,58,766.64 crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI as of December 01, 2025: ₹7,44,500.63 crore.
* Average daily cash reserve requirement for the fortnight ending December 12, 2025: ₹7,39,862.00 crore.
* Government of India Surplus Cash Balance Reckoned for Auction as on December 01, 2025: ₹0.00 crore.
* Net durable liquidity as on November 14, 2025: ₹3,61,346.00 crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to adhere to cash reserve requirements and manage liquidity based on the reported money market conditions and RBI operations.
* **Action Required:** Monitor the LAF, MSF, and SDF rates and volumes to optimize liquidity management and meet reserve requirements.
**Government of India**
* **Impact:** The government’s surplus cash balance with the RBI impacts overall liquidity conditions.
* **Action Required:** Monitor the impact of cash balances on market liquidity.
**RBI**
* **Impact:** The central bank is responsible for managing liquidity in the money market through various instruments, influencing interest rates and overall financial stability.
* **Action Required:** Continue to monitor money market conditions and adjust operations (LAF, MSF, SDF) as needed to maintain liquidity and stability.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, mentioned in the context of various liquidity facilities and reserve positions.
Liquidity Adjustment Facility (LAF): A primary tool used by RBI to manage liquidity in the market, involving repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight from RBI against their excess SLR securities.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb excess liquidity from the banks without requiring any 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
December 02, 2025
Money Market Operations as on December 01, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,59,386.37 5.26 4.00-6.40
I. Call Money 18,280.75 5.42 4.75-5.60
II. Triparty Repo 4,15,631.00 5.20 4.70-5.32
III. Market Repo 2,22,758.12 5.37 4.00-5.75
IV. Repo in Corporate Bond 2,716.50 5.53 5.44-6.40
B. Term Segment
I. Notice Money** 179.35 5.27 4.85-5.45
II. Term Money@@ 696.30 - 5.50-5.90
III. Triparty Repo 3,141.25 5.33 5.22-5.50
IV. Market Repo 1,455.68 5.48 5.25-5.70
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&
(a) Repo Operation
(b) Reverse Repo Operation Mon, 01/12/2025 4 Fri, 05/12/2025 56,935.00 5.49
3. MSF# Mon, 01/12/2025 1 Tue, 02/12/2025 808.00 5.75
4. SDFΔ# Mon, 01/12/2025 1 Tue, 02/12/2025 2,12,277.00 5.25
5. Net liquidity injected from today's
-2,68,404.00
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$ 9,637.36
E. Net liquidity injected from outstanding operations [injection
9,637.36
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,58,766.64
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 01, 2025 7,44,500.63
(ii) Average daily cash reserve requirement for the fortnight ending December 12, 2025 7,39,862.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ December 01, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on November 14, 2025 3,61,346.00
@ 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.
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: 2025-2026/1606 Deputy General Manager
(Communications)