**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI), dated November 4, 2025, presenting money market operations data as of November 3, 2025. It details the volume, weighted average rate, and range for various money market segments, as well as RBI operations including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The document includes data on both today's and outstanding operations.
**Key Points / Main Content**
* **Money Markets (as of November 03, 2025):**
* Overnight Segment: Total volume is ₹6,28,623.39 Crore with a weighted average rate of 5.25% and a range of 4.25-6.35%. This includes Call Money (volume: ₹15,561.66 Crore, average rate: 5.42%), Triparty Repo (volume: ₹4,22,753.35 Crore, average rate: 5.20%), Market Repo (volume: ₹1,86,383.38 Crore, average rate: 5.33%), and Repo in Corporate Bond (volume: ₹3,925.00 Crore, average rate: 5.50%).
* Term Segment: Transactions include Notice Money (volume: ₹186.00 Crore, average rate: 5.31%), Term Money (volume: ₹1,686.00 Crore), Triparty Repo (volume: ₹2,519.00 Crore, average rate: 5.34%), Market Repo (volume: ₹1,450.00 Crore, average rate: 5.00%).
* **RBI Operations (Today's Operations):**
* Fixed Rate: No operations reported.
* Variable Rate:
* Repo Operation: Not specified
* Reverse Repo Operation: ₹1,87,516.00 Crore (auction date Mon, 03/11/2025, tenor 1 day, maturity date Tue, 04/11/2025 at 5.25%)
* Marginal Standing Facility (MSF): ₹895.00 Crore (auction date Mon, 03/11/2025, tenor 1 day, maturity date Tue, 04/11/2025 at 5.75%)
* Net liquidity injected from today's operations (absorption): ₹-1,86,621.00 Crore
* **RBI Operations (Outstanding Operations):**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹11,317.36 Crore
* Net liquidity injected from outstanding operations (injection): ₹11,317.36 Crore
* Net liquidity injected (outstanding including today's operations) (absorption): ₹-1,75,303.64 Crore
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on November 03, 2025: ₹8,20,536.44 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 November 03, 2025: ₹0.00 Crore
* Net durable liquidity (deficit) as on October 17, 2025: ₹3,60,648.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are directly affected by the overnight and term money markets, and they are subject to the cash reserve requirements as specified in the report. Their liquidity position is influenced by the various RBI operations (LAF, MSF, SDF, SLF).
* **Action Required:** Banks need to manage their liquidity and cash reserves in accordance with the data presented in the report to meet regulatory requirements and optimize their financial operations.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, the primary authority regulating monetary policy.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against their government securities holdings.
Standing Deposit Facility (SDF): A monetary policy tool that allows the RBI to absorb excess liquidity from the banking system without any collateral.
Money Market: 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)