**Executive Summary**
This press release from the Reserve Bank of India, dated December 08, 2025, provides details of money market operations and the cash reserve position of scheduled commercial banks as of December 05, 2025. It includes volumes, weighted average rates, and ranges for various money market segments, as well as information on RBI operations such as LAF, MSF, and SDF. There are no specified action items or deadlines mentioned.
**Key Points / Main Content**
* **Money Market Operations (as of December 05, 2025):**
* **Overnight Segment:**
* Volume: ₹10,360.92 Crore
* Weighted Average Rate: 5.21%
* Range: 4.50-6.18%
* **Term Segment:**
* Volume: ₹20,764.27 Crore
* Weighted Average Rate: 5.33%
* Range: 4.60-5.50%
* **RBI Operations (Today's Operations):**
* **Variable Rate Repo Operation:** ₹1,00,024.00 Crore, Maturity Date: Mon, 08/12/2025, Cut-off Rate: 5.24%
* **MSF:** ₹1,351.00 Crore Maturity Date: Sat, 06/12/2025, Rate: 5.50%
* **SDF:** ₹1,38,071.00 Crore Maturity Date: Sat, 06/12/2025, Rate: 5.00%
* **Net liquidity injected from today's operations (absorption):** ₹-2,37,620.00 Crore
* **Outstanding Operations:**
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹8,008.17 Crore
* **Net liquidity injected from outstanding operations (injection):** ₹8,008.17 Crore
* **Net liquidity injected (outstanding including today's operations) (absorption):** ₹-2,29,611.83 Crore
* **Cash Reserves Position of Scheduled Commercial Banks:**
* **Cash balances with RBI as on December 05, 2025:** ₹7,49,451.96 Crore
* **Average daily cash reserve requirement for the fortnight ending December 12, 2025:** ₹7,39,862.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** The banks are affected by the changes in liquidity conditions as reflected in the money market operations and the updated cash reserve positions. This impacts their liquidity management and borrowing/lending strategies.
* **Action Required:** Banks should adjust their liquidity management strategies based on the information provided, ensuring compliance with the cash reserve requirements.
**RBI (Reserve Bank of India)**
* **Impact:** The RBI is affected as this information release serves to communicate the current state of money market operations and liquidity management to the public and other stakeholders. It reflects their policy implementation and market oversight.
* **Action Required:** Continue monitoring and adjusting monetary policy tools to maintain financial stability and achieve macroeconomic objectives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for regulating the money market.
Liquidity Adjustment Facility (LAF): A tool used by RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from RBI.
Standing Deposit Facility (SDF): A tool that allows RBI to absorb liquidity from the banking system without requiring collateral.
Standing Liquidity Facility (SLF): A facility that provides liquidity support to select financial institutions.
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)