Money Market Operations as on December 25, 2025

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated December 26, 2025, provides details on money market operations as of December 25, 2025. It covers overnight and term segments, RBI operations including liquidity adjustment facilities, and reserve positions of scheduled commercial banks. Key information includes volumes, weighted average rates, and amounts related to various repo operations, standing facilities, and cash reserves. **Key Points / Main Content** * **Money Markets:** * Overnight and term segment volumes are reported as 0.00 for Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond. * **RBI Operations:** * **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:** * Reverse Repo Operation: ₹360.00 Crore at 5.50% * SDF: ₹1,12,877.00 Crore at 5.00% * Net liquidity injected from today's operations: -₹1,12,517.00 Crore * **Outstanding Operations:** * Repo Operation (Wed, 24/12/2025): ₹87,347.00 Crore at 5.26% * Repo Operation (Tue, 16/12/2025): ₹77,379.00 Crore at 5.26% * Repo Operation (Mon, 15/12/2025): ₹24,969.00 Crore at 5.26% * MSF (Wed, 24/12/2025): ₹358.00 Crore at 5.50% * SDF (Wed, 24/12/2025): ₹3,803.00 Crore at 5.00% * **Other Facilities:** * Standing Liquidity Facility (SLF) Availed from RBI: ₹10,790.77 Crore * Net liquidity injected from outstanding operations: ₹1,97,040.77 Crore * Net liquidity injected (outstanding including today's operations): ₹84,523.77 Crore * **Reserve Position:** * **Cash Reserves Position of Scheduled Commercial Banks:** * Cash balances with RBI as on December 25, 2025: ₹7,36,572.57 Crore * Average daily cash reserve requirement for the fortnight ending December 31, 2025: ₹7,45,778.00 Crore * Government of India Surplus Cash Balance Reckoned for Auction as on December 24, 2025: ₹87,347.00 Crore * Net durable liquidity (surplus) as on November 28, 2025: ₹2,60,359.00 Crore **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** * Banks are directly affected by the reported money market operations, influencing their liquidity positions and reserve requirements. * **Action Required:** * Banks need to monitor their liquidity positions and adjust their operations based on the reported rates, volumes, and facilities available from the RBI. They also need to maintain the required cash reserve ratio. **RBI** * **Impact:** * The RBI is responsible for conducting these money market operations to manage liquidity in the financial system and maintain stability. * **Action Required:** * The RBI needs to continue monitoring market conditions and adjusting its operations to achieve its monetary policy objectives. **Government of India** * **Impact:** * The Government's surplus cash balance is affected and should be considered for auction. * **Action Required:** * The Government needs to be aware of the surplus cash balance and incorporate it into their financial planning and auction strategies.

Key Entities Referenced