**Executive Summary**
This press release, dated November 3, 2025, from the Reserve Bank of India (RBI), provides an overview of money market operations as of November 1, 2025. It details volumes, weighted average rates, and ranges for various money market segments and RBI operations including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). There is a reference to Government of India Surplus Cash Balance as on October 31, 2025.
**Key Points / Main Content**
* **Money Markets:**
* The total volume in the overnight segment was ₹18,001.11 Crore, with a weighted average rate of 5.24% and a range of 4.00-5.75%.
* Call Money volume was ₹1,552.35 Crore, with a weighted average rate of 5.12% and a range of 4.85-5.60%.
* Triparty Repo volume was ₹12,496.65 Crore, with a weighted average rate of 5.17% and a range of 4.50-5.75%.
* Market Repo volume was ₹3,952.11 Crore, with a weighted average rate of 5.51% and a range of 4.00-5.75%.
* Repo in Corporate Bond volume was ₹0.00 Crore.
* Term Segment volume was ₹0.00 Crore.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)**
* Today's Operations:
* MSF: ₹421.00 Crore at 5.75% (1-day tenor, Auction date Sat, 01/11/2025, maturity date Sun, 02/11/2025).
* MSF: ₹24.00 Crore at 5.75% (2-day tenor, Auction date Sat, 01/11/2025, maturity date Mon, 03/11/2025).
* SDFA: ₹1,18,048.00 Crore at 5.25% (1-day tenor, Auction date Sat, 01/11/2025, maturity date Sun, 02/11/2025).
* SDFA: ₹4,637.00 Crore at 5.25% (2-day tenor, Auction date Sat, 01/11/2025, maturity date Mon, 03/11/2025).
* Net liquidity absorbed from today's operations was ₹-1,22,240.00 Crore.
* Outstanding Operations:
* MSF: ₹0.00 Crore at 5.75% (2-day tenor, Auction date Fri, 31/10/2025, maturity date Sun, 02/11/2025).
* MSF: ₹4,050.00 Crore at 5.75% (3-day tenor, Auction date Fri, 31/10/2025, maturity date Mon, 03/11/2025).
* SDFA: ₹0.00 Crore at 5.25% (2-day tenor, Auction date Fri, 31/10/2025, maturity date Sun, 02/11/2025).
* SDFA: ₹2,114.00 Crore at 5.25% (3-day tenor, Auction date Fri, 31/10/2025, maturity date Mon, 03/11/2025).
* Net liquidity injected from outstanding operations was ₹13,454.40 Crore.
* Net liquidity injected (outstanding including today's operations) was ₹-1,08,785.60 Crore.
* Standing Liquidity Facility (SLF) Availed from RBI was ₹11,518.40 Crore.
* **Reserve Position:**
* Cash balances with RBI as on November 01, 2025: ₹8,96,095.74 Crore.
* Average daily cash reserve requirement for the fortnight ending November 14, 2025: ₹7,97,387.00 Crore.
* Government of India Surplus Cash Balance Reckoned for Auction as on October 31, 2025: ₹0.00 Crore.
* Net durable liquidity as on October 17, 2025: ₹3,60,648.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are impacted through the liquidity management operations conducted by the RBI which influence their cash reserves and borrowing costs.
* **Action Required:** Banks need to monitor the LAF, MSF, and SDF operations to manage their liquidity positions effectively and meet their reserve requirements.
**Money Market Participants**
* **Impact:** Money market participants are affected by the rates and volumes in the overnight and term segments, which serve as benchmarks for short-term interest rates.
* **Action Required:** Monitor money market trends to take advantage of various short-term investment opportunities.
**Government of India**
* **Impact:** The figures for the surplus cash balance, and net durable liquidity, are tracked.
* **Action Required:** No action is explicity stated.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the money market and liquidity through various instruments.
Liquidity Adjustment Facility (LAF): A primary tool used by the 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 government securities.
Standing Deposit Facility (SDF): A tool used by RBI to absorb liquidity from the banking system without any collateral.
Money Market: The market for short-term debt instruments, including overnight and term segments like call money, triparty repo, and market repo, which are regulated by the RBI.
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)