**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI) providing details on money market operations as of November 3, 2025. It covers overnight and term segments, RBI operations including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF), as well as the cash reserve positions of scheduled commercial banks. The release also notes that the average daily cash reserve requirement is calculated for the fortnight ending November 14, 2025.
**Key Points / Main Content**
* **Money Markets:**
* The overnight segment volume is ₹6,28,623.39 crore with a weighted average rate of 5.25% (range: 4.25-6.35%).
* The term segment includes Notice Money (volume ₹186.00 crore, average rate 5.31%), Term Money, Triparty Repo, and Market Repo.
* **RBI Operations (Today's Operations):**
* Reverse Repo Operation is ₹1,87,516.00 crore at 5.25%.
* MSF is ₹895.00 crore at 5.75%.
* Net liquidity injected from today's operations is -₹1,86,621.00 crore (absorption).
* **RBI Operations (Outstanding Operations):**
* Standing Liquidity Facility (SLF) availed from RBI is ₹11,317.36 crore.
* Net liquidity injected from outstanding operations is ₹11,317.36 crore.
* Net liquidity injected (outstanding including today's operations) is -₹1,75,303.64 crore.
* **Reserve Position:**
* Cash balances with RBI as on November 03, 2025, were ₹8,20,536.44 crore.
* Average daily cash reserve requirement for the fortnight ending November 14, 2025, is ₹7,97,387.00 crore.
* Government of India Surplus Cash Balance Reckoned for Auction as on November 03, 2025, is ₹0.00 crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on October 17, 2025, is ₹3,60,648.00 crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:**
* Affected by the required cash reserve ratios and liquidity conditions.
* **Action Required:**
* Maintain sufficient cash balances with RBI to meet reserve requirements, as indicated for the fortnight ending November 14, 2025.
* Monitor and respond to changes in liquidity conditions, utilizing facilities like LAF, MSF, and SLF as needed.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, overseeing monetary policy and banking regulation, and a primary subject of the press release.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI against their excess SLR securities.
Standing Deposit Facility (SDF): A monetary policy tool that allows the RBI to absorb liquidity from the banking system without requiring banks to provide collateral.
Money Market: The market for short-term debt instruments.
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 04, 2025
Money Market Operations as on November 03, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,28,623.39 5.25 4.25-6.35
I. Call Money 15,561.66 5.42 4.70-5.55
II. Triparty Repo 4,22,753.35 5.20 4.81-5.35
III. Market Repo 1,86,383.38 5.33 4.25-5.65
IV. Repo in Corporate Bond 3,925.00 5.50 5.40-6.35
B. Term Segment
I. Notice Money** 186.00 5.31 4.95-5.60
II. Term Money@@ 1,686.00 - 5.40-5.85
III. Triparty Repo 2,519.00 5.34 5.20-5.50
IV. Market Repo 1,450.00 5.00 5.00-5.00
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# Mon, 03/11/2025 1 Tue, 04/11/2025 895.00 5.75
4. SDFΔ# Mon, 03/11/2025 1 Tue, 04/11/2025 1,87,516.00 5.25
5. Net liquidity injected from today's
-1,86,621.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 11,317.36
E. Net liquidity injected from outstanding operations [injection
11,317.36
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,75,303.64
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 03, 2025 8,20,536.44
(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¥ November 03, 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: 2025-2026/1442 Deputy General Manager
(Communications)