Money Market Operations as on November 04, 2025

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated November 06, 2025, reports on the money market operations as of November 04, 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). The report also includes the cash reserve positions of scheduled commercial banks. **Key Points / Main Content** * **Money Markets (November 04, 2025):** * **Overnight Segment:** Total volume of ₹6,22,527.54 Crore, weighted average rate of 5.22%, range of 3.00-6.30%. Includes: * Call Money: ₹14,653.60 Crore. * Triparty Repo: ₹4,01,024.80 Crore. * Market Repo: ₹2,02,924.14 Crore. * Repo in Corporate Bond: ₹3,925.00 Crore. * **Term Segment:** * Notice Money: ₹159.50 Crore, weighted average rate of 5.42%, range of 4.95-5.55%. * Term Money: ₹1,523.00 Crore. * Triparty Repo: ₹3,444.85 Crore, weighted average rate of 5.30%, range of 5.25-5.50%. * Market Repo: ₹611.53 Crore, weighted average rate of 5.61%, range of 5.40-5.75%. * Repo in Corporate Bond: ₹0.00 Crore. * **RBI Operations (November 04, 2025 - Today's Operations):** * **MSF:** ₹35.00 Crore (1-day tenor) and ₹830.00 Crore (2-day tenor) at 5.75%. * **SDF:** ₹2,02,917.00 Crore (1-day tenor) and ₹17,374.00 Crore (2-day tenor) at 5.25%. * Net liquidity injected from today's operations: -₹2,19,426.00 Crore. * **RBI Operations (Outstanding Operations):** * Standing Liquidity Facility (SLF) Availed from RBI: ₹11,317.36 Crore. * Net liquidity injected from outstanding operations: ₹11,317.36 Crore. * **Net Liquidity:** * Net liquidity injected (outstanding including today's operations): -₹2,08,108.64 Crore. * **Reserve Position of Scheduled Commercial Banks:** * Cash balances with RBI as on November 04, 2025: ₹7,95,286.42 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 04, 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:** Directly impacted by the cash reserve requirements and the availability of liquidity through various RBI facilities like LAF, MSF, and SDF. The cost of funds for banks is affected by the rates in the money market segments. * **Action Required:** Banks need to manage their cash reserves to meet the RBI's requirements and utilize the available liquidity facilities to manage their funding needs effectively. **Money Market Participants (other financial institutions, corporates):** * **Impact:** The rates and liquidity conditions in the money market segments directly influence their borrowing and lending costs. They can utilize the repo market and other instruments for short-term funding and investment. * **Action Required:** Participants should monitor money market rates and liquidity conditions to make informed decisions about their funding and investment strategies. **RBI:** * **Impact:** The RBI uses these operations to manage liquidity in the financial system and influence short-term interest rates to achieve its monetary policy objectives. * **Action Required:** The RBI needs to continuously monitor the money market conditions and adjust its operations to maintain financial stability and achieve its policy goals.

Key Entities Referenced