**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated December 30, 2025, reports on money market operations as of December 29, 2025. It details volumes, weighted average rates, and ranges for various money market segments, including overnight and term segments, as well as RBI operations like Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The report also includes information on the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations:**
* **Overnight Segment:** Total volume of ₹6,75,877.77 Crore with a weighted average rate of 5.28% and a range of 1.00-6.50%.
* Call Money: ₹16,432.00 Crore
* Triparty Repo: ₹4,64,752.00 Crore
* Market Repo: ₹1,91,598.67 Crore
* Repo in Corporate Bond: ₹3,095.10 Crore
* **Term Segment:**
* Notice Money: ₹462.30 Crore with a weighted average rate of 5.57% and a range of 4.85-6.00%.
* Term Money: ₹788.00 Crore
* Triparty Repo: ₹6,276.90 Crore
* Market Repo: ₹12.27 Crore
* Repo in Corporate Bond: ₹0.00 Crore
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* MSF: ₹3,413.00 Crore at 5.50%
* SDFA: ₹1,45,638.00 Crore at 5.00%
* Net liquidity injected from today's operations: -₹1,42,225.00 Crore (absorption).
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Outstanding Operations:**
* Repo Operation: ₹1,75,021.00 Crore at 5.26%
* Reverse Repo Operation: ₹28,007.00 Crore at 5.26%
* Standing Liquidity Facility (SLF) Availed from RBI: ₹10,781.27 Crore
* Net liquidity injected from outstanding operations: ₹2,13,809.27 Crore (injection)
* Net liquidity injected (outstanding including today's operations): ₹71,584.27 Crore (injection)
* **Reserve Position:**
* Cash Reserves Position of Scheduled Commercial Banks
* Cash balances with RBI as on December 29, 2025: ₹7,23,732.46 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 29, 2025: ₹0.00 Crore
* Net durable liquidity as on November 28, 2025: ₹2,60,359.00 Crore (surplus)
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are directly affected by the reported rates, volumes, and ranges, influencing their liquidity management and borrowing/lending decisions in the money market.
* **Action Required:** Banks need to monitor the reported data to optimize their liquidity positions and ensure compliance with reserve requirements.
**Financial Institutions**
* **Impact:** Financial institutions participating in the money market are affected by the reported rates, volumes, and ranges, influencing their investment and funding decisions.
* **Action Required:** Financial institutions need to analyze the reported data to make informed decisions about their money market activities and manage their risk exposure.
**RBI**
* **Impact:** The reported data provides insights into the effectiveness of the RBI's monetary policy operations and the overall liquidity conditions in the money market.
* **Action Required:** The RBI needs to continuously monitor the money market and adjust its operations as needed to achieve its monetary policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for money market operations and monetary policy.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI against their SLR portfolio.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system without any collateral.
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 30, 2025
Money Market Operations as on December 29, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,75,877.77 5.28 1.00-6.50
I. Call Money 16,432.00 5.48 4.50-5.60
II. Triparty Repo 4,64,752.00 5.23 4.95-5.35
III. Market Repo 1,91,598.67 5.38 1.00-5.60
IV. Repo in Corporate Bond 3,095.10 5.53 5.49-6.50
B. Term Segment
I. Notice Money** 462.30 5.57 4.85-6.00
II. Term Money@@ 788.00 - 5.40-6.00
III. Triparty Repo 6,276.90 5.49 5.10-5.75
IV. Market Repo 12.27 5.30 5.30-5.30
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, 29/12/2025 1 Tue, 30/12/2025 3,413.00 5.50
4. SDFΔ# Mon, 29/12/2025 1 Tue, 30/12/2025 1,45,638.00 5.00
5. Net liquidity injected from today's
-1,42,225.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Fri, 26/12/2025 4 Tue, 30/12/2025 1,75,021.00 5.26
Fri, 26/12/2025 4 Tue, 30/12/2025 28,007.00 5.26
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,781.27
E. Net liquidity injected from outstanding operations [injection
2,13,809.27
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
71,584.27
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on December 29, 2025 7,23,732.46
(ii) Average daily cash reserve requirement for the fortnight ending^ December 31, 2025 7,45,778.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ December 29, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on November 28, 2025 2,60,359.00
@ 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.
^ As per the notification No. RBI/2025-26/148 DOR.RET.REC.354/12.01.001/2025-26 dated December 11, 2025.
Ajit Prasad
Press Release: 2025-2026/1796 Deputy General Manager
(Communications)