Money Market Operations as on December 13, 2025

**Executive Summary** This document is a press release from the Reserve Bank of India (RBI) dated December 15, 2025, detailing money market operations as of December 13, 2025. It provides information on volumes, weighted average rates, and ranges for various money market segments and RBI operations, including liquidity adjustment facilities, standing liquidity facilities, and reserve positions. **Key Points / Main Content** *Money Market Operations:* * *Overnight Segment:* Total volume is 0.00. No specific rates or ranges are listed for Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond within this segment. * *Term Segment:* Total volume is 0.00. No specific rates or ranges are listed for Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond within this segment. *RBI Operations (Today's Operations):* * *Fixed Rate:* No information provided. * *Variable Rate:* * Repo Operation (Auction Date Sat, 13/12/2025, Tenor 1 day): Amount 2,549.00, Rate 5.50%. * Reverse Repo Operation (Auction Date Sat, 13/12/2025, Tenor 2 days): Amount 160.00, Rate 5.50%. * *Marginal Standing Facility (MSF):* (Auction Date Sat, 13/12/2025, Tenor 1 day): Amount 1,69,149.00, Rate 5.00%. (Auction Date Sat, 13/12/2025, Tenor 2 days): Amount 0.00, Rate 5.00%. * *Standing Deposit Facility (SDF):* Net liquidity injected from today's operations [injection (+)/absorption (-)]* -1,66,440.00. *RBI Operations (Outstanding Operations):* * *Fixed Rate:* No information provided. * *Variable Rate:* No information provided. * Repo Operation (Auction Date Fri, 12/12/2025, Tenor 3 day): Amount 0.00, Rate 5.50%. * Reverse Repo Operation (Auction Date Fri, 12/12/2025, Tenor 2 days): Amount 843.00, Rate 5.50%. * *Marginal Standing Facility (MSF):* (Auction Date Fri, 12/12/2025, Tenor 2 days): Amount 45.00, Rate 5.00%. (Auction Date Fri, 12/12/2025, Tenor 3 days): Amount 28,347.00, Rate 5.00%. * *Standing Deposit Facility (SDF):* * *Standing Liquidity Facility (SLF) Availed from RBI:* 8,974.81 * *Net liquidity injected from outstanding operations [injection (+)/absorption (-)]* -18,574.19 * *Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]* -1,85,014.19 *Reserve Position:* * Cash Reserves Position of Scheduled Commercial Banks as on December 13, 2025: * Cash balances with RBI: 7,54,100.36 * Cash reserve requirement: 7,45,778.00 * Government of India Surplus Cash Balance Reckoned for Auction as on December 12, 2025: 0.00 * Net durable liquidity [surplus (+)/deficit (-)] as on November 28, 2025: 2,60,359.00 **Impact Analysis** **Scheduled Commercial Banks:** *Impact* * Affected by changes in Repo, Reverse Repo, MSF, and SDF rates, which influence their cost of funds and profitability. * Affected by changes in the cash reserve requirements *Action Required* * Monitor and adjust their liquidity management strategies in response to changes in money market rates and liquidity conditions. * Maintain the required cash reserves with the RBI. **Financial Institutions & Corporates:** *Impact* * Money Market rates are benchmarks for financial products and impacts financial planning *Action Required* * Monitor and adjust their financial planning and investment strategies in response to changes in money market rates and liquidity conditions. **Reserve Bank of India (RBI):** *Impact* * Responsible for maintaining financial system liquidity. * Responsible for maintaining monetary and credit policy. *Action Required* * Continuously monitor the money market and adjust its operations to achieve its monetary policy objectives and financial stability.

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