## Summary of RBI Money Market Operations on July 23, 2025
This press release from the Reserve Bank of India (RBI), dated July 24, 2025, provides details on money market operations as of July 23, 2025.
**Key Highlights:**
* **Overnight Segment:** Total volume of ₹6,03,403.84 crore with a weighted average rate of 5.73%. This includes Call Money (₹17,346.55 crore at 5.73%), Triparty Repo (₹4,04,014.05 crore at 5.72%), Market Repo (₹1,79,687.94 crore at 5.75%), and Repo in Corporate Bond (₹2,355.30 crore at 5.91%).
* **Term Segment:** Notice Money recorded ₹131.54 crore at 5.46%, Term Money at ₹189.50 crore at 5.60%, Triparty Repo at ₹795.00 crore at 5.57%, Market Repo at ₹470.68 crore at 5.55% and Repo in Corporate Bond at ₹0.00 crore.
* **Liquidity Adjustment Facility (LAF) / Marginal Standing Facility (MSF) / Standing Deposit Facility (SDF):**
* Fixed Rate Repo: ₹50,001.00 crore with cut-off rate of 5.53%, Maturity Date: July 25, 2025
* MSF: ₹820.00 crore with cut-off rate of 5.75%, Maturity Date: July 24, 2025
* SDF: ₹78,428.00 crore with cut-off rate of 5.25%, Maturity Date: July 24, 2025
* Net liquidity injected from today's operations: ₹27,607.00 crore (injection)
* Outstanding Fixed Rate Reverse Repo: ₹2,00,027.00 crore at 5.49%, Maturity Date: July 25, 2025
* Net liquidity injected from outstanding operations: ₹1,89,623.79 crore (injection)
* Net liquidity injected outstanding including today's operations: ₹2,17,230.79 crore (injection)
* **Standing Liquidity Facility (SLF):** ₹10,403.21 crore was availed from RBI.
* **Cash Reserves Position:** Scheduled Commercial Banks' cash balances with RBI as on July 23, 2025, were ₹9,68,804.65 crore. The average daily cash reserve requirement for the fortnight ending July 25, 2025, is ₹9,63,288.00 crore.
* **Government of India Surplus Cash Balance:** ₹50,001.00 crore as on July 23, 2025.
* **Net durable liquidity:** Surplus of ₹5,79,904.00 crore as on June 27, 2025.
**Contact Information:**
For further information, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022-2266 0502. Email: helpdoc@rbi.org.in. Website: www.rbi.org.in.
The press release was issued by Ajit Prasad, Deputy General Manager. Press Release number: 2025-2026/772.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the country's monetary policy and banking system.
Mumbai, Maharashtra: City in India where the Central Office of the Reserve Bank of India is located.
Money Market: A market for short-term debt instruments.
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the Reserve Bank of India.
Standing Deposit Facility (SDF): A facility that allows the Reserve Bank of India to absorb excess liquidity from the commercial banks without any collateral.
RBI Clearing Corporation of India Limited (CCIL): An organization involved in the clearing and settlement of transactions in the Indian financial markets.
Ajit Prasad: Deputy General Manager, Communications at Reserve Bank of India.
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
July 24, 2025
Money Market Operations as on July 23, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,03,403.84 5.73 4.75-6.75
I. Call Money 17,346.55 5.73 4.75-5.85
II. Triparty Repo 4,04,014.05 5.72 5.30-5.82
III. Market Repo 1,79,687.94 5.75 5.20-5.90
IV. Repo in Corporate Bond 2,355.30 5.91 5.85-6.75
B. Term Segment
I. Notice Money** 131.54 5.46 5.00-5.82
II. Term Money@@ 189.50 - 5.60-5.95
III. Triparty Repo 795.00 5.57 5.50-5.70
IV. Market Repo 470.68 5.55 5.55-5.55
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&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo Wed, 23/07/2025 2 Fri, 25/07/2025 50,001.00 5.53
(b) Reverse Repo
3. MSF# Wed, 23/07/2025 1 Thu, 24/07/2025 820.00 5.75
4. SDFΔ# Wed, 23/07/2025 1 Thu, 24/07/2025 78,428.00 5.25
5. Net liquidity injected from today's
-27,607.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo Fri, 18/07/2025 7 Fri, 25/07/2025 2,00,027.00 5.49
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,403.21
E. Net liquidity injected from outstanding operations [injection
-1,89,623.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,17,230.79
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on July 23, 2025 9,68,804.65
(ii) Average daily cash reserve requirement for the fortnight ending July 25, 2025 9,63,288.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 23, 2025 50,001.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on June 27, 2025 5,79,904.00
@ 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. 2019-2020/1900 dated February 06, 2020.
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.
Ajit Prasad
Press Release: 2025-2026/772 Deputy General Manager
(Communications)