**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated December 09, 2025, presents the money market operations as of December 08, 2025. It details volumes, weighted average rates, and ranges for various money market segments. It also outlines the RBI's operations, including liquidity adjustment facilities and standing facilities, as well as the cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
*Money Market Operations (as of December 08, 2025):*
* **Overnight Segment:** Total volume is ₹6,77,380.37 Crore, with a weighted average rate of 5.11% and a range of 4.50-6.20%.
* Call Money: ₹19,226.72 Crore, 5.19%, 4.50-5.30%.
* Triparty Repo: ₹4,35,729.30 Crore, 5.08%, 4.97-5.20%.
* Market Repo: ₹2,17,829.05 Crore, 5.16%, 4.51-5.90%.
* Repo in Corporate Bond: ₹4,595.30 Crore, 5.33%, 5.26-6.20%.
* **Term Segment:**
* Notice Money: ₹640.70 Crore, 5.20%, 4.80-5.25%.
* Term Money: ₹326.00 Crore, 5.30-5.85%.
* Triparty Repo: ₹215.00 Crore, 5.12%, 5.00-5.15%.
* Market Repo: ₹534.92 Crore, 5.35%, 5.35-5.35%.
* Repo in Corporate Bond: ₹0.00 Crore.
*RBI Operations (Today's Operations - December 08, 2025):*
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF):**
* Variable Rate:
* Repo Operation: ₹2,586.00 Crore, 5.50%, Maturity Date: Tue, 09/12/2025.
* Reverse Repo Operation: ₹1,61,952.00 Crore, 5.00%, Maturity Date: Tue, 09/12/2025.
* Net liquidity injected from today's operations: -₹1,59,366.00 Crore (absorption).
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹8,008.17 Crore.
* **Net liquidity injected from outstanding operations:** ₹8,008.17 Crore.
* **Net liquidity injected (outstanding including today's operations):** -₹1,51,357.83 Crore (absorption).
*Reserve Position (Cash Reserve Position of Scheduled Commercial Banks):*
* **Cash balances with RBI (December 08, 2025):** ₹7,18,530.94 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 08, 2025):** ₹0.00 Crore
* **Net durable liquidity as on (November 14, 2025):** ₹3,61,346.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks:**
**Impact:** Affected by the liquidity conditions in the money market and the RBI's monetary policy operations. Required to maintain cash reserves with the RBI.
**Action Required:** Monitor money market rates and volumes to manage liquidity positions, ensure compliance with cash reserve requirements, and avail liquidity facilities as needed.
**Market Participants (Dealers in Money Market Instruments):**
**Impact:** Directly influenced by the RBI's operations (LAF, MSF, SDF) and the prevailing interest rate environment.
**Action Required:** Adjust trading strategies based on market conditions and policy signals from the RBI.
**Government of India:**
**Impact:** Impacted by surplus cash balance with RBI.
**Action Required:** N/A
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for regulating the money market and liquidity.
Liquidity Adjustment Facility (LAF): Tool used by the RBI to manage liquidity through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI.
Standing Deposit Facility (SDF): A tool allowing the RBI to absorb excess liquidity from the banking system.
Money Market: Market for short-term lending and borrowing.
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 09, 2025
Money Market Operations as on December 08, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,77,380.37 5.11 4.50-6.20
I. Call Money 19,226.72 5.19 4.50-5.30
II. Triparty Repo 4,35,729.30 5.08 4.97-5.20
III. Market Repo 2,17,829.05 5.16 4.51-5.90
IV. Repo in Corporate Bond 4,595.30 5.33 5.26-6.20
B. Term Segment
I. Notice Money** 640.70 5.20 4.80-5.25
II. Term Money@@ 326.00 - 5.30-5.85
III. Triparty Repo 215.00 5.12 5.00-5.15
IV. Market Repo 534.92 5.35 5.35-5.35
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
3. MSF# Mon, 08/12/2025 1 Tue, 09/12/2025 2,586.00 5.50
4. SDFΔ# Mon, 08/12/2025 1 Tue, 09/12/2025 1,61,952.00 5.00
5. Net liquidity injected from today's
-1,59,366.00
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
-1,51,357.83
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 08, 2025 7,18,530.94
(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 08, 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: 2025-2026/1663 Deputy General Manager
(Communications)