**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI), dated December 5, 2025, providing details on money market operations as of December 4, 2025. It includes data on overnight and term money markets, RBI operations such as Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF), and the cash reserve position of scheduled commercial banks. There are no specific deadlines or action items mentioned beyond the release of this information.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume of ₹6,41,845.75 crore with a weighted average rate of 5.30% and a range of 4.00-6.40%. This includes call money, triparty repo, market repo, and repo in corporate bonds.
* **Term Segment:** Includes notice money, term money, triparty repo, market repo, and repo in corporate bonds.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* Repo Operation: ₹72,377.00 crore at 5.49%.
* Reverse Repo Operation: ₹810.00 crore at 5.75%.
* MSF: ₹1,46,034.00 crore at 5.25%.
* Net liquidity injected from today's operations: -₹2,17,601.00 crore.
* **Outstanding Operations:**
* Reverse Repo Operation: ₹56,935.00 crore at 5.49%, maturing on Fri, 05/12/2025.
* 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): -₹2,66,257.83 crore.
* **Reserve Position:**
* Cash balances with RBI as on December 04, 2025: ₹7,16,444.14 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 04, 2025: ₹0.00 crore.
* Net durable liquidity: ₹3,61,346.00 crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Affected by the liquidity conditions, repo rates, and reserve requirements outlined in the report, influencing their lending and borrowing activities.
* **Action Required:** Need to manage their liquidity and funding operations in accordance with the RBI's policies and the prevailing market conditions. They must also maintain the required cash reserves with the RBI.
**Stakeholder: Financial Market Participants**
* **Impact:** The data influences trading strategies and risk management decisions in the money market.
* **Action Required:** Analyze the information on market volumes, rates, and liquidity conditions to inform their investment and trading activities.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** Responsible for managing liquidity and ensuring the stability of the financial system.
* **Action Required:** Monitor market conditions and adjust policy instruments (e.g., repo rates, MSF) as needed based on the data presented in the report.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, primary entity responsible for money market operations.
Liquidity Adjustment Facility (LAF): A primary 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.
Standing Deposit Facility (SDF): A facility allowing the RBI to absorb liquidity from the banking system.
Money Market: The market for short-term debt instruments, where this policy release focuses.
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)