Money Market Operations as on December 30, 2025

**Executive Summary** This press release from the Reserve Bank of India (RBI) details the money market operations as of December 30, 2025. It outlines volumes, weighted average rates, and ranges for various segments of the money market, including overnight and term segments, along with RBI operations such as the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release also provides information on the cash reserve position of scheduled commercial banks and government surplus cash balance. **Key Points / Main Content** * **Money Market Operations (December 30, 2025):** * **Overnight Segment:** Volume: ₹6,46,309.45 Crore, Weighted Average Rate: 5.34%, Range: 2.00-6.50% * Call Money: Volume: ₹14,769.98 Crore, Weighted Average Rate: 5.48%, Range: 4.50-5.62% * Triparty Repo: Volume: ₹4,51,287.55 Crore, Weighted Average Rate: 5.29%, Range: 5.11-5.65% * Market Repo: Volume: ₹1,76,918.62 Crore, Weighted Average Rate: 5.44%, Range: 2.00-5.75% * Repo in Corporate Bond: Volume: ₹3,333.30 Crore, Weighted Average Rate: 5.54%, Range: 5.45-6.50% * **Term Segment:** Volume: ₹543.70 Crore, Weighted Average Rate: 5.54%, Range: 4.90-5.60% * Notice Money: ₹395.00 Crore * Term Money: ₹25,564.60 Crore * Triparty Repo: ₹495.00 Crore * Market Repo: ₹0.00 Crore * Repo in Corporate Bond: Volume: ₹25,564.60 Crore, Weighted Average Rate: 5.97%, Range: 5.50-6.25% * **RBI Operations:** * **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF): Today's Operations** * Variable Rate Repo Operation (December 30, 2025 - 2 days tenor): ₹1,43,718.00 Crore at 5.26% * MSF (December 30, 2025 - 1 day tenor): ₹1,203.00 Crore at 5.50% * SDFA (December 30, 2025 - 1 day tenor): ₹1,47,105.00 Crore at 5.00% * Net liquidity injected from today's operations: -₹2,184.00 Crore * Standing Liquidity Facility (SLF) Availed from RBI: ₹10,787.70 Crore * Net liquidity injected from outstanding operations: ₹10,787.70 Crore * Net liquidity injected (outstanding including today's operations): ₹8,603.70 Crore * **Cash Reserve Position of Scheduled Commercial Banks:** * Cash balances with RBI (December 30, 2025): ₹7,36,794.07 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 30, 2025: ₹1,43,718.00 Crore** * Net durable liquidity as on November 28, 2025: ₹2,60,359.00 Crore **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Banks are affected by the outlined money market rates and liquidity conditions, influencing their borrowing and lending strategies. They also have to adhere to the cash reserve requirements. * **Action Required:** Banks should assess their liquidity positions and adjust their operations based on the reported rates, volumes, and RBI's liquidity management measures. **Government of India** * **Impact:** The government is impacted through its surplus cash balance position, which influences decisions on auctions and overall fiscal management. * **Action Required:** The government needs to consider these balances when planning borrowing programs and managing overall cash flow. **Reserve Bank of India (RBI)** * **Impact:** As the central bank, the RBI is responsible for managing liquidity in the money market to ensure financial stability. The data provided in the release is a reflection of their monetary policy actions. * **Action Required:** The RBI monitors these figures to refine its liquidity management strategies and maintain stability in the financial system.

Key Entities Referenced