**Executive Summary**
This press release from the Reserve Bank of India, dated December 3, 2025, reports on the money market operations and reserve positions as of December 2, 2025. It details volumes, weighted average rates, and ranges for various money market segments and RBI operations. The report also presents the cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets (December 2, 2025):**
* **Overnight Segment:** Total volume ₹6,58,357.63 Crore, weighted average rate 5.22% (Range: 1.01-6.30%)
* Call Money: Volume ₹18,792.22 Crore, weighted average rate 5.34% (Range: 4.75-5.50%)
* Triparty Repo: Volume ₹4,17,433.30 Crore, weighted average rate 5.18% (Range: 5.05-5.50%)
* Market Repo: Volume ₹2,18,770.11 Crore, weighted average rate 5.29% (Range: 1.01-6.00%)
* Repo in Corporate Bond: Volume ₹3,362.00 Crore, weighted average rate 5.43% (Range: 5.40-6.30%)
* **Term Segment:**
* Notice Money: Volume ₹169.85 Crore, weighted average rate 5.22% (Range: 4.85-5.40%)
* Term Money: Volume ₹609.00 Crore (Range: 5.50-6.10%)
* Triparty Repo: Volume ₹2,670.00 Crore, weighted average rate 5.24% (Range: 5.15-5.44%)
* Market Repo: Volume ₹75.29 Crore, weighted average rate 5.75% (Range: 5.75-5.75%)
* Repo in Corporate Bond: Volume ₹0.00 Crore
* **RBI Operations (December 2, 2025):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* Variable Rate Repo Operation: ₹50,017.00 Crore, Current Rate/Cut-off Rate: 5.49% (Maturity Date: December 4, 2025)
* Reverse Repo Operation: ₹780.00 Crore, Current Rate/Cut-off Rate: 5.75% (Maturity Date: December 3, 2025)
* SDFA: ₹1,73,009.00 Crore, Current Rate/Cut-off Rate: 5.25% (Maturity Date: December 3, 2025)
* Net liquidity injected from today's operations: -₹2,22,246.00 Crore
* **Outstanding Operations:**
* Variable Rate Repo Operation: ₹56,935.00 Crore, Current Rate/Cut-off Rate: 5.49% (Maturity Date: December 5, 2025)
* Standing Liquidity Facility (SLF) Availed from RBI: ₹8,278.17 Crore
* Net liquidity injected from outstanding operations: -₹48,656.83 Crore
* Net liquidity injected (outstanding including today's operations): -₹2,70,902.83 Crore
* **Reserve Position:**
* **Cash Reserves Position of Scheduled Commercial Banks:**
* Cash balances with RBI (December 2, 2025): ₹7,32,372.07 Crore
* Average daily cash reserve requirement (fortnight ending December 12, 2025): ₹7,39,862.00 Crore
* Government of India Surplus Cash Balance (December 2, 2025): ₹0.00 Crore
* Net durable liquidity (November 14, 2025): ₹3,61,346.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by changes in cash reserve requirements and LAF operations, impacting their liquidity and lending capacity.
* **Action Required:** Monitor RBI's operations and adjust their cash reserve positions and participation in LAF accordingly.
**Money Market Participants**
* **Impact:** Directly impacted by the rates and liquidity conditions in various money market segments like call money, repo, and term money.
* **Action Required:** Analyze the data to make informed decisions regarding their lending and borrowing activities.
Key Entities Referenced
Reserve Bank of India: Central bank of India, primary regulator for money markets
Liquidity Adjustment Facility (LAF): Monetary policy instrument used by RBI
Marginal Standing Facility (MSF): Monetary policy instrument used by RBI
Standing Deposit Facility (SDF): Monetary policy instrument used by RBI
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 03, 2025
Money Market Operations as on December 02, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,58,357.63 5.22 1.01-6.30
I. Call Money 18,792.22 5.34 4.75-5.50
II. Triparty Repo 4,17,433.30 5.18 5.05-5.50
III. Market Repo 2,18,770.11 5.29 1.01-6.00
IV. Repo in Corporate Bond 3,362.00 5.43 5.40-6.30
B. Term Segment
I. Notice Money** 169.85 5.22 4.85-5.40
II. Term Money@@ 609.00 - 5.50-6.10
III. Triparty Repo 2,670.00 5.24 5.15-5.44
IV. Market Repo 75.29 5.75 5.75-5.75
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 Tue, 02/12/2025 2 Thu, 04/12/2025 50,017.00 5.49
3. MSF# Tue, 02/12/2025 1 Wed, 03/12/2025 780.00 5.75
4. SDFΔ# Tue, 02/12/2025 1 Wed, 03/12/2025 1,73,009.00 5.25
5. Net liquidity injected from today's
-2,22,246.00
operations [injection (+)/absorption (-)]*
II Outstanding 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#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 8,278.17
E. Net liquidity injected from outstanding operations [injection
-48,656.83
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,70,902.83
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 02, 2025 7,32,372.07
(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 02, 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: 2025-2026/1616 Deputy General Manager
(Communications)