**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated December 5, 2025, reports on money market operations and reserve positions as of December 4, 2025. It includes details on overnight and term segments, RBI operations (LAF, MSF, SDF), and the cash reserve position of scheduled commercial banks. Key dates for operations include December 4, 2025 and December 5, 2025.
**Key Points / Main Content**
* **Money Markets (December 4, 2025):**
* **Overnight Segment:**
* Volume: ₹6,41,845.75 Crore
* Weighted Average Rate: 5.30%
* Range: 4.00-6.40%
* **Term Segment:**
* Notice Money Volume: ₹238.70 Crore, Average Rate: 5.32%
* Term Money Volume: ₹1,320.00 Crore
* **RBI Operations (Today's Operations, December 4, 2025):**
* **Variable Rate:**
* Repo Operation: ₹72,377.00 Crore, Maturity: December 5, 2025, Rate: 5.49%
* Reverse Repo Operation: ₹810.00 Crore, Maturity: December 5, 2025, Rate: 5.75%
* **MSF**: ₹1,46,034.00 Crore, Maturity: December 5, 2025, Rate: 5.25%
* **Net liquidity injected from today's operations**: ₹-2,17,601.00 Crore (absorption)
* **RBI Operations (Outstanding Operations):**
* **Variable Rate:**
* Reverse Repo Operation: ₹56,935.00 Crore, Maturity: December 5, 2025, Rate: 5.49%
* **Standing Liquidity Facility (SLF) Availed from RBI**: ₹8,278.17 Crore
* **Net liquidity injected from outstanding operations**: ₹-48,656.83 Crore (absorption)
* **Net liquidity injected (outstanding including today's operations)**: ₹-2,66,257.83 Crore (absorption)
* **Reserve Position of Scheduled Commercial Banks (December 4, 2025):**
* Cash balances with RBI: ₹7,16,444.14 Crore
* Average daily cash reserve requirement (fortnight ending December 12, 2025): ₹7,39,862.00 Crore
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Affected by the RBI's money market operations and liquidity management, which influence their cash reserve requirements and borrowing/lending rates.
* **Action Required:** Monitor RBI's announcements and adjust their operations and reserve positions accordingly to comply with regulatory requirements and optimize their liquidity management.
**Stakeholder: Money Market Participants (including Corporates)**
* **Impact:** Influenced by the overnight and term rates in the money markets, which impact their borrowing and lending costs.
* **Action Required:** Closely observe trends in money market rates and volumes to make informed decisions regarding short-term funding and investments.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** The document is an output of the RBI's money market operations.
* **Action Required:** Continue monitoring market conditions and adjusting operations as necessary to maintain financial stability and achieve monetary policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India; primary entity conducting money market operations.
Liquidity Adjustment Facility (LAF): RBI's primary tool for managing liquidity in the banking system; includes repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight from the RBI.
Standing Deposit Facility (SDF): A tool for absorbing liquidity from the banking system.
Money Markets: General scope of the document, including Overnight, Term, and Repo markets.
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 05, 2025
Money Market Operations as on December 04, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,41,845.75 5.30 4.00-6.40
I. Call Money 20,174.68 5.43 4.75-5.55
II. Triparty Repo 4,03,694.65 5.25 5.19-5.35
III. Market Repo 2,13,993.12 5.38 4.00-5.55
IV. Repo in Corporate Bond 3,983.30 5.47 5.40-6.40
B. Term Segment
I. Notice Money** 238.70 5.32 5.05-5.50
II. Term Money@@ 1,320.00 - 5.60-5.90
III. Triparty Repo 390.00 5.35 5.33-5.38
IV. Market Repo 108.78 5.60 5.60-5.60
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 Thu, 04/12/2025 1 Fri, 05/12/2025 72,377.00 5.49
3. MSF# Thu, 04/12/2025 1 Fri, 05/12/2025 810.00 5.75
4. SDFΔ# Thu, 04/12/2025 1 Fri, 05/12/2025 1,46,034.00 5.25
5. Net liquidity injected from today's
-2,17,601.00
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
-2,66,257.83
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 04, 2025 7,16,444.14
(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 04, 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: 2025-2026/1632 Deputy General Manager
(Communications)