Money Market Operations as on November 05, 2025

**Executive Summary** This press release, dated November 6, 2025, from the Reserve Bank of India (RBI), presents a summary of the money market operations as of November 5, 2025. It details the liquidity adjustment facility (LAF), marginal standing facility (MSF), standing deposit facility (SDF) operations, and cash reserve positions of scheduled commercial banks. The next date mentioned is November 14, 2025 for average daily cash reserve requirements. **Key Points / Main Content** * **Money Markets:** * **Overnight Segment:** Total volume for Overnight Segment is 0.00. * **Term Segment:** Total volume for Term Segment is 0.00. * **RBI Operations (Today's Operations):** * **MSF:** Auction date was November 5, 2025, with a tenor of 1 day. The amount was ₹590.00 crore at a rate of 5.75%. * **SDFA:** Auction date was November 5, 2025, with a tenor of 1 day. The amount was ₹2,06,927.00 crore at a rate of 5.25%. * **Net Liquidity:** Net liquidity injected from today's operations was -₹2,06,337.00 crore. * **RBI Operations (Outstanding Operations):** * **MSF:** Auction date was November 4, 2025, with a tenor of 2 days. The amount was ₹830.00 crore at a rate of 5.75%. * **SDFA:** Auction date was November 4, 2025, with a tenor of 2 days. The amount was ₹17,374.00 crore at a rate of 5.25%. * **Standing Liquidity Facility (SLF):** Availed from RBI ₹11,317.36 crore. * **Net Liquidity from Outstanding Operations:** The net liquidity injected from outstanding operations was -₹5,226.64 crore. * **Net Liquidity (Total):** Total net liquidity injected (outstanding including today's operations) was -₹2,11,563.64 crore. * **Reserve Position:** * **Cash Balances with RBI:** As of November 5, 2025, cash balances with RBI were ₹7,79,503.17 crore. * **Average Daily Cash Reserve Requirement:** The 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 of November 4, 2025, the balance was ₹0.00 crore. * **Net Durable Liquidity:** As of October 17, 2025, the net durable liquidity was ₹3,60,648.00 crore. **Impact Analysis** **Stakeholder:** Scheduled Commercial Banks * **Impact:** They are affected by the cash reserve requirements and the rates at which they can borrow or deposit funds with the RBI. * **Action Required:** Need to monitor their cash balances with RBI and ensure they meet the reserve requirements. **Impact** **Stakeholder:** Financial Institutions * **Impact:** This document shows how the Reserve Bank of India is handling liquidity and the rates that are available in money market operations. * **Action Required:** Financial Institutions need to watch the MSF and SDFA rates closely. **Impact** **Stakeholder:** Money Markets * **Impact:** The amount of liquidity in the market and the rates that are set will affect the markets. * **Action Required:** Money Markets need to monitor the MSF and SDFA rates closely.

Key Entities Referenced