**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated December 12, 2025, reports on money market operations as of December 11, 2025. It details overnight and term segment activities, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF) and the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets (as of December 11, 2025):**
* **Overnight Segment:**
* Total volume: ₹7,11,545.29 Crore
* Weighted average rate: 5.09%
* Range: 3.00-6.25%
* Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:**
* Total volume: ₹246.33 Crore
* Weighted average rate: 5.17%
* Range: 4.80-5.25%
* Includes Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **RBI Operations (Today's Operations - December 11, 2025):**
* **MSF:** ₹2,361.00 Crore at 5.50%
* **SDFA:** ₹1,95,055.00 Crore at 5.00%
* **Net liquidity injected from today’s operations:** -₹1,92,694.00 Crore (absorption)
* **RBI Operations (Outstanding Operations):**
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹8,974.81 Crore
* **Net liquidity injected from outstanding operations:** ₹8,974.81 Crore (injection)
* **Net liquidity injected (outstanding including today's operations):** -₹1,83,719.19 Crore (absorption)
* **Reserve Position (of Scheduled Commercial Banks):**
* **Cash balances with RBI (as on December 11, 2025):** ₹7,12,539.89 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 11, 2025:** ₹0.00 Crore
* **Net durable liquidity (as on November 14, 2025):** ₹3,61,346.00 Crore (surplus)
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Their cash reserves position is monitored to ensure compliance with RBI requirements and to manage liquidity.
* **Action Required:** Banks must maintain the required cash reserve ratio and manage their liquidity positions accordingly.
**Money Market Participants**
* **Impact:** The report provides insights into market liquidity conditions, interest rate trends, and the availability of funds.
* **Action Required:** Participants can use this information to make informed decisions about their borrowing and lending activities.
**RBI**
* **Impact:** The data informs RBI's monetary policy decisions and liquidity management operations.
* **Action Required:** The RBI must continuously monitor market conditions and adjust its policies as needed to maintain financial stability and achieve its monetary policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, referenced as the source of data and the provider of facilities like SLF.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow additional amount of overnight money from the RBI.
Standing Deposit Facility (SDF): A facility that allows the RBI to absorb excess liquidity from the commercial banks without any collateral.
Standing Liquidity Facility (SLF): A liquidity support facility availed from RBI.
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 12, 2025
Money Market Operations as on December 11, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 7,11,545.29 5.09 3.00-6.25
I. Call Money 19,185.40 5.20 4.50-5.25
II. Triparty Repo 4,71,602.50 5.06 4.50-5.15
III. Market Repo 2,16,721.09 5.15 3.00-5.30
IV. Repo in Corporate Bond 4,036.30 5.34 5.30-6.25
B. Term Segment
I. Notice Money** 246.33 5.17 4.80-5.25
II. Term Money@@ 420.50 - 5.35-5.78
III. Triparty Repo 3,535.00 5.21 5.10-5.30
IV. Market Repo 1,274.00 5.40 5.40-5.40
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# Thu, 11/12/2025 1 Fri, 12/12/2025 2,361.00 5.50
4. SDFΔ# Thu, 11/12/2025 1 Fri, 12/12/2025 1,95,055.00 5.00
5. Net liquidity injected from today's
-1,92,694.00
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
-1,83,719.19
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 11, 2025 7,12,539.89
(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 11, 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: 2025-2026/1686 Deputy General Manager
(Communications)