**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI), dated December 03, 2025, providing details on money market operations as of December 02, 2025. It outlines volumes, rates, and ranges for various money market segments, including overnight and term segments, as well as RBI operations such as the Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF). Key dates include auction and maturity dates for specific operations, and reserve positions are detailed up to December 12, 2025.
**Key Points / Main Content**
* **Overnight Segment (December 02, 2025)**
* Total volume: ₹6,58,357.63 Crore; Weighted average rate: 5.22%; Range: 1.01-6.30%.
* Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment (December 02, 2025)**
* Includes Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* Notice Money volume: ₹169.85 Crore; Weighted average rate: 5.22%; Range: 4.85-5.40%.
* **RBI Operations (December 02, 2025)**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) Today's Operations**
* Repo Operation (Variable Rate): ₹50,017.00 Crore; Rate: 5.49%; Maturity Date: December 04, 2025.
* Reverse Repo Operation (Variable Rate): ₹780.00 Crore; Rate: 5.75%; Maturity Date: December 03, 2025.
* SDFA: ₹1,73,009.00 Crore; Rate: 5.25%; Maturity Date: December 03, 2025.
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) Outstanding Operations**
* Repo Operation (Variable Rate): ₹56,935.00 Crore; Rate: 5.49%; Maturity Date: December 05, 2025.
* **Liquidity Summary**
* Net liquidity injected from today's operations: -₹2,22,246.00 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 (December 02 - December 12, 2025)**
* Cash balances with RBI: ₹7,32,372.07 Crore as on December 02, 2025.
* Average daily cash reserve requirement: ₹7,39,862.00 Crore for the fortnight ending December 12, 2025.
* Net durable liquidity (as of November 14, 2025): ₹3,61,346.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by the cash reserve requirements and liquidity conditions managed by the RBI. The data on cash balances with the RBI and the average daily cash reserve requirement provides insight into the banks' liquidity positions.
* **Action Required:** Banks need to monitor their cash balances with the RBI to ensure compliance with the cash reserve requirements, as well as track liquidity levels to strategize their operations.
**Money Market Participants**
* **Impact:** Includes entities participating in the call money market, repo market, and other money market segments. The volumes, rates, and ranges provided in the press release inform their trading strategies and risk management decisions.
* **Action Required:** Participants must analyze the data to optimize their borrowing and lending activities, manage liquidity, and make informed decisions based on the prevailing market conditions.
**RBI (Reserve Bank of India)**
* **Impact:** The report reflects the outcome of RBI's monetary policy implementation and liquidity management operations.
* **Action Required:** Use the data to assess the effectiveness of current monetary policy and adjust liquidity management operations as needed to maintain financial stability.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for monetary policy and financial stability; referenced in the context of money market operations, standing liquidity facility (SLF), and cash balances.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against their government securities holdings.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banking system without any collateral.
Money Market: Financial market where short-term debt instruments are traded. This press release reports on the money market operations as on December 02, 2025.
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)