**Executive Summary**
This document is a press release from the Reserve Bank of India, dated November 03, 2025, providing an overview of money market operations as of November 01, 2025. It details volumes, rates, and liquidity adjustments, along with cash reserve positions of scheduled commercial banks. The report covers both today’s and outstanding operations.
**Key Points / Main Content**
* **Money Market Operations:**
* **Overnight Segment:** Total volume of ₹18,001.11 Crore, with a weighted average rate of 5.24% (range: 4.00-5.75%). Includes:
* Call Money: ₹1,552.35 Crore (5.12%, range: 4.85-5.60%)
* Triparty Repo: ₹12,496.65 Crore (5.17%, range: 4.50-5.75%)
* Market Repo: ₹3,952.11 Crore (5.51%, range: 4.00-5.75%)
* **Term Segment:** Volume is ₹0.00 Crore for all categories (Notice Money, Term 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:**
* MSF: ₹421.00 Crore (1-day tenor) and ₹24.00 Crore (2-day tenor) at 5.75%
* SDF: ₹1,18,048.00 Crore (1-day tenor) and ₹4,637.00 Crore (2-day tenor) at 5.25%
* Net liquidity absorption: ₹-1,22,240.00 Crore
* **Outstanding Operations:**
* MSF: ₹4,050.00 Crore (3-day tenor) at 5.75%
* SDF: ₹2,114.00 Crore (3-day tenor) at 5.25%
* Standing Liquidity Facility (SLF): ₹11,518.40 Crore
* Net liquidity injection from outstanding operations: ₹13,454.40 Crore.
* Net liquidity injection (outstanding including today's operations): ₹-1,08,785.60 Crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI (as of November 01, 2025): ₹8,96,095.74 Crore
* Average daily cash reserve requirement (fortnight ending November 14, 2025): ₹7,97,387.00 Crore
* Government of India Surplus Cash Balance Reckoned for Auction (as of October 31, 2025): ₹0.00 Crore
* Net durable liquidity [surplus (+)/deficit (-)] as on (October 17, 2025): ₹3,60,648.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks:**
* **Impact:** Their liquidity and reserve requirements are directly affected by the various operations and rates detailed in the report. The document informs them of current market conditions and provides information to make decisions about short-term funding and investment strategies.
* **Action Required:** Banks must monitor their cash balances with RBI and manage their participation in LAF, MSF, and SDF operations to meet reserve requirements and optimize liquidity.
**Market Participants:**
* **Impact:** Participants involved in money market instruments, such as call money, repos, and corporate bonds, need to understand the prevailing rates and volumes to make informed trading and investment decisions.
* **Action Required:** Market participants should analyze the data provided to assess market liquidity and volatility, and adjust their strategies accordingly.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for monetary policy and regulation of the banking system. Primary entity issuing this press release on money market operations.
Liquidity Adjustment Facility (LAF): Tool used by RBI to manage liquidity in the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI at a penal interest rate against their government securities portfolio.
Standing Deposit Facility (SDF): A tool used by RBI to absorb liquidity from the banking system without any collateral.
Money Market: Financial market where short-term debt instruments are traded, including call money, repo, and treasury bills.
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
November 03, 2025
Money Market Operations as on November 01, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 18,001.11 5.24 4.00-5.75
I. Call Money 1,552.35 5.12 4.85-5.60
II. Triparty Repo 12,496.65 5.17 4.50-5.75
III. Market Repo 3,952.11 5.51 4.00-5.75
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
IV. Market Repo 0.00 - -
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# Sat, 01/11/2025 1 Sun, 02/11/2025 421.00 5.75
Sat, 01/11/2025 2 Mon, 03/11/2025 24.00 5.75
4. SDFΔ# Sat, 01/11/2025 1 Sun, 02/11/2025 1,18,048.00 5.25
Sat, 01/11/2025 2 Mon, 03/11/2025 4,637.00 5.25
5. Net liquidity injected from today's
-1,22,240.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF# Fri, 31/10/2025 2 Sun, 02/11/2025 0.00 5.75
Fri, 31/10/2025 3 Mon, 03/11/2025 4,050.00 5.75
4. SDFΔ# Fri, 31/10/2025 2 Sun, 02/11/2025 0.00 5.25
Fri, 31/10/2025 3 Mon, 03/11/2025 2,114.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 11,518.40
E. Net liquidity injected from outstanding operations [injection
13,454.40
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,08,785.60
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 01, 2025 8,96,095.74
(ii) Average daily cash reserve requirement for the fortnight ending November 14, 2025 7,97,387.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 31, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on October 17, 2025 3,60,648.00
@ 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.
Ajit Prasad
Press Release: 2025-2026/1438 Deputy General Manager
(Communications)