**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated December 8, 2025, presents the money market operations as of December 5, 2025. It details volumes, weighted average rates, and ranges for various segments of the money market, as well as RBI operations. The report also includes the cash reserve positions of scheduled commercial banks and their net durable liquidity position.
**Key Points / Main Content**
* **Money Market Operations**
* **Overnight Segment:** Total volume of ₹10,360.92 Crore with a weighted average rate of 5.21% and a range of 4.50-6.18%. Includes call money, triparty repo, market repo, and repo in corporate bond.
* **Term Segment:** Total volume of ₹20,764.27 Crore with a weighted average rate of 5.33% and a range of 4.60-5.50%. Includes notice money, term money, triparty repo, market repo, and repo in corporate bond.
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):** Details today's operations, including Fixed Rate and Variable Rate (Repo and Reverse Repo Operations), MSF, and SDF.
* Repo Operation: ₹1,00,024.00 Crore with a rate of 5.24%
* MSF: ₹1,351.00 Crore with a rate of 5.50% on December 6, 2025.
* SDFA: ₹1,38,071.00 Crore with a rate of 5.00% on December 6, 2025.
* **Net Liquidity Injection:** Today's operations result in a net liquidity absorption of ₹-2,37,620.00 Crore.
* **Outstanding Operations:** Net liquidity injection from outstanding operations is ₹8,008.17 Crore.
* **Total Net Liquidity Injection:** Including both today's and outstanding operations, the net liquidity absorption is ₹-2,29,611.83 Crore.
* **Reserve Position**
* Cash balances with RBI as of December 5, 2025: ₹7,49,451.96 Crore.
* Average daily cash reserve requirement for the fortnight ending December 12, 2025: ₹7,39,862.00 Crore.
* Net durable liquidity (deficit) as of November 14, 2025: ₹3,61,346.00 Crore.
**Impact Analysis**
* **Scheduled Commercial Banks**
**Impact**
The cash reserve positions and liquidity adjustments will directly impact their ability to lend and manage their funds.
**Action Required**
Banks need to adjust their operations based on the reported liquidity conditions and reserve requirements.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India; primary regulator mentioned in the press release.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to manage liquidity in the market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb liquidity from the banking system.
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 08, 2025
Money Market Operations as on December 05, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 10,360.92 5.21 4.50-6.18
I. Call Money 1,528.95 5.12 4.70-5.40
II. Triparty Repo 3,836.65 5.04 4.50-5.50
III. Market Repo 252.02 4.80 4.75-5.00
IV. Repo in Corporate Bond 4,743.30 5.40 5.35-6.18
B. Term Segment
I. Notice Money** 20,764.27 5.33 4.60-5.50
II. Term Money@@ 1,788.00 - 5.40-5.85
III. Triparty Repo 3,96,378.40 5.15 4.97-5.50
IV. Market Repo 2,09,259.85 5.21 0.01-5.57
V. Repo in Corporate Bond 450.00 5.35 5.35-5.35
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 Fri, 05/12/2025 3 Mon, 08/12/2025 1,00,024.00 5.24
3. MSF# Fri, 05/12/2025 1 Sat, 06/12/2025 1,351.00 5.50
Fri, 05/12/2025 2 Sun, 07/12/2025 0.00 5.50
Fri, 05/12/2025 3 Mon, 08/12/2025 750.00 5.50
4. SDFΔ# Fri, 05/12/2025 1 Sat, 06/12/2025 1,38,071.00 5.00
Fri, 05/12/2025 2 Sun, 07/12/2025 0.00 5.00
Fri, 05/12/2025 3 Mon, 08/12/2025 1,626.00 5.00
5. Net liquidity injected from today's
-2,37,620.00
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$ 8,008.17
E. Net liquidity injected from outstanding operations [injection
8,008.17
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,29,611.83
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 05, 2025 7,49,451.96
(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 05, 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: 2025-2026/1652 Deputy General Manager
(Communications)