Money Market Operations as on December 31, 2025

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated January 01, 2026, details money market operations as of December 31, 2025. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF), Standing Liquidity Facility (SLF), and the cash reserve positions of scheduled commercial banks. There are no explicit deadlines or action items mentioned in the document outside of the daily operations. **Key Points / Main Content** * **Money Markets Operations (as of December 31, 2025):** * **Overnight Segment:** * Total volume: ₹5,90,001.24 Crore, weighted average rate: 5.42%, range: 2.00-6.25%. Includes call money, triparty repo, market repo, and repo in corporate bond. * **Term Segment:** * Notice Money: ₹194.25 Crore, weighted average rate: 5.30%, range: 4.85-5.50%. * Term Money: ₹203.00 Crore, range: 5.70-6.50%. * Triparty Repo: ₹11,976.65 Crore, weighted average rate: 5.81%, range: 5.25-6.25%. * **RBI Operations (as of December 31, 2025):** * **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):** * Repo Operation: ₹30,770.00 Crore at 5.26% (Wed, 31/12/2025 maturity Thu, 01/01/2026). * Reverse Repo Operation: ₹1,936.00 Crore at 5.50% (Wed, 31/12/2025 maturity Thu, 01/01/2026). * MSF: ₹2,04,547.00 Crore at 5.00% (Wed, 31/12/2025 maturity Thu, 01/01/2026). * Net liquidity injected from today's operations: -₹1,71,841.00 Crore. * **Outstanding Operations:** * Repo Operation: ₹1,43,718.00 Crore at 5.26% (Tue, 30/12/2025 maturity Thu, 01/01/2026). * **Standing Liquidity Facility (SLF):** * Availed from RBI: ₹10,787.70 Crore. * **Net Liquidity:** * Net liquidity injected from outstanding operations: ₹1,54,505.70 Crore. * Net liquidity injected (outstanding including today's operations): -₹17,335.30 Crore. * **Reserve Position of Scheduled Commercial Banks:** * Cash balances with RBI as on December 31, 2025: ₹7,18,892.57 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 31, 2025: ₹30,770.00 Crore. * Net durable liquidity [surplus (+)/deficit (-)] as on December 12, 2025: ₹3,25,160.00 Crore. **Impact Analysis** **Scheduled Commercial Banks:** * **Impact:** The document provides information on the cash reserve requirements and balances that banks need to maintain with the RBI, affecting their liquidity management. * **Action Required:** Banks need to review their cash positions and adjust their operations to comply with the reserve requirements outlined in the document. **RBI (Reserve Bank of India):** * **Impact:** The document is a public disclosure of the RBI's money market operations, reflecting its actions in managing liquidity in the financial system. * **Action Required:** Continue to monitor market conditions and adjust operations as needed to maintain financial stability. **Market Participants (other banks, financial institutions, corporations participating in money markets):** * **Impact:** These participants have access to information concerning market liquidity and rates, allowing them to make more informed decisions. * **Action Required:** Market participants should factor this information into their trading and investment strategies.

Key Entities Referenced