**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI) providing details of the Money Market Operations as on December 10, 2025. It includes information on overnight and term money market segments, RBI operations, and the cash reserve position of scheduled commercial banks. The document notes operations conducted today, December 10, 2025, and outstanding operations.
**Key Points / Main Content**
*Money Markets Operations as on December 10, 2025:*
* **Overnight Segment:**
* Total volume: ₹7,14,282.23 Crore, Weighted Average Rate: 5.13%, Range: 2.00-6.25%
* Call Money: Volume ₹21,047.97 Crore, Weighted Average Rate: 5.20%, Range: 4.50-5.28%
* Triparty Repo: Volume ₹4,75,856.95 Crore, Weighted Average Rate: 5.11%, Range: 4.90-5.15%
* Market Repo: Volume ₹2,13,376.01 Crore, Weighted Average Rate: 5.17%, Range: 2.00-5.35%
* Repo in Corporate Bond: Volume ₹4,001.30 Crore, Weighted Average Rate: 5.35%, Range: 5.31-6.25%
* **Term Segment:**
* Notice Money: Volume ₹418.00 Crore, Weighted Average Rate: 5.17%, Range: 4.80-5.25%
* Term Money: Volume ₹753.50 Crore, Range: 5.30-5.78%
* Triparty Repo: Volume ₹2,885.00 Crore, Weighted Average Rate: 5.29%, Range: 5.12-5.40%
* Market Repo: Volume ₹445.28 Crore, Weighted Average Rate: 5.45%, Range: 5.40-5.50%
* Repo in Corporate Bond: Volume ₹0.00 Crore
*RBI Operations:*
* Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), & Standing Deposit Facility (SDF)
* Net liquidity injected from today's operations [injection (+)/absorption (-)]: -₹1,75,026.00 Crore
* Standing Liquidity Facility (SLF) Availed from RBI: ₹8,974.81 Crore
* Net liquidity injected from outstanding operations [injection (+)/absorption (-)]: ₹8,974.81 Crore
* Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]: -₹1,66,051.19 Crore
*Cash Reserves Position of Scheduled Commercial Banks (as on December 10, 2025):*
* Cash balances with RBI: ₹7,25,295.94 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 10, 2025: ₹0.00 Crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on November 14, 2025: ₹3,61,346.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
*Impact*
The cash reserve position data (balances with RBI and reserve requirements) directly impacts the liquidity management and regulatory compliance of scheduled commercial banks.
*Action Required*
Banks need to monitor their cash balances and ensure they meet the required reserve ratios specified by the RBI.
**Money Market Participants**
*Impact*
Information on the money market operations influences trading strategies, liquidity planning, and interest rate expectations. The data on volumes, weighted average rates, and ranges for various segments provides valuable insights into market dynamics.
*Action Required*
Participants should analyse the money market data and align their trading and investment strategies accordingly.
**Reserve Bank of India (RBI)**
*Impact*
This document serves as a public record of the RBI's monetary policy operations and its efforts to manage liquidity in the money market. It also demonstrates the RBI's commitment to transparency and communication with market participants.
*Action Required*
Continue monitoring market conditions and adjust operations as needed to maintain financial stability.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for regulating the money supply and banking system, and a key participant in money market operations.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to inject or absorb liquidity into the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI against their government securities portfolio.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system.
Money Market: A segment of the financial market where short-term debt instruments are traded. The RBI actively participates in money 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 11, 2025
Money Market Operations as on December 10, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 7,14,282.23 5.13 2.00-6.25
I. Call Money 21,047.97 5.20 4.50-5.28
II. Triparty Repo 4,75,856.95 5.11 4.90-5.15
III. Market Repo 2,13,376.01 5.17 2.00-5.35
IV. Repo in Corporate Bond 4,001.30 5.35 5.31-6.25
B. Term Segment
I. Notice Money** 418.00 5.17 4.80-5.25
II. Term Money@@ 753.50 - 5.30-5.78
III. Triparty Repo 2,885.00 5.29 5.12-5.40
IV. Market Repo 445.28 5.45 5.40-5.50
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# Wed, 10/12/2025 1 Thu, 11/12/2025 946.00 5.50
4. SDFΔ# Wed, 10/12/2025 1 Thu, 11/12/2025 1,75,972.00 5.00
5. Net liquidity injected from today's
-1,75,026.00
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$ 8,974.81
E. Net liquidity injected from outstanding operations [injection
8,974.81
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,66,051.19
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 10, 2025 7,25,295.94
(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 10, 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: 2025-2026/1677 Deputy General Manager
(Communications)