Money Market Operations as on November 11, 2025

**Executive Summary** This press release, dated November 12, 2025, from the Reserve Bank of India (RBI) provides details on money market operations as of November 11, 2025. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF), Standing Liquidity Facility (SLF) Availed from RBI, and the cash reserve position of scheduled commercial banks. It also covers important press releases that have been updated. **Key Points / Main Content** * **Money Markets (November 11, 2025):** * **Overnight Segment:** Total volume ₹6,43,846.21 Crore with a weighted average rate of 5.20% (range: 4.50-6.30%). * Call Money: ₹16,116.06 Crore (5.34%, range 4.85-5.40%). * Triparty Repo: ₹4,14,916.45 Crore (5.16%, range 4.75-5.25%). * Market Repo: ₹2,08,612.20 Crore (5.26%, range 4.50-5.45%). * Repo in Corporate Bond: ₹4,201.50 Crore (5.38%, range 5.35-6.30%). * **Term Segment:** * Notice Money: ₹125.70 Crore (5.38%, range 5.00-5.60%). * Term Money: ₹841.50 Crore (5.50-5.85%). * Triparty Repo: ₹6,866.35 Crore (5.25%, range 5.00-5.35%). * Market Repo: ₹905.47 Crore (5.41%, range 5.40-5.60%). * Repo in Corporate Bond: ₹0.00 Crore. * **RBI Operations (Today's Operations):** * **Variable Rate:** * Repo Operation (Auction Date Tue, 11/11/2025, Tenor 1 Day, Maturity Date Wed, 12/11/2025, Amount ₹643.00 Crore, 5.75%). * Reverse Repo Operation (Auction Date Tue, 11/11/2025, Tenor 1 Day, Maturity Date Wed, 12/11/2025, Amount ₹2,20,994.00 Crore, 5.25%). * Net liquidity injected from today's operations (injection (+)/absorption (-)): ₹-2,20,351.00 Crore. * **RBI Operations (Outstanding Operations):** * Standing Liquidity Facility (SLF) Availed from RBI: ₹9,292.91 Crore. * Net liquidity injected from outstanding operations (injection (+)/absorption (-)): ₹9,292.91 Crore. * Net liquidity injected (outstanding including today's operations) (injection (+)/absorption (-)): ₹-2,11,058.09 Crore. * **Reserve Position of Scheduled Commercial Banks:** * Cash Balances with RBI as on November 11, 2025: ₹7,74,795.81 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 11, 2025: ₹0.00 Crore. * Net durable liquidity [surplus (+)/deficit (-)] as on October 17, 2025: ₹3,60,648.00 Crore. * **References to Press Releases:** * Press Release No. 2025-2026/1201 dated September 30, 2025. * Press Release No. 2022-2023/41 dated April 08, 2022. * Press Release No. 2014-2015/1971 dated March 19, 2015. * Press Release No. 2023-2024/1548 dated December 27, 2023. **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Affected by the reserve requirements and the liquidity available through various RBI facilities. The cash reserve position of scheduled commercial banks impacts their lending capacity and overall financial health. * **Action Required:** Monitor their cash balances with the RBI to ensure compliance with reserve requirements. Utilise RBI facilities like LAF, MSF, and SLF to manage their liquidity positions effectively. **Government of India** * **Impact:** The surplus cash balance affects the government's liquidity position and borrowing requirements. * **Action Required:** The government needs to factor in the surplus cash balance while planning auctions and managing its overall financial strategy. **Money Market Participants** * **Impact:** The data and the operations by the RBI, LAF, MSF and SDF will affect liquidity and monetary rates. * **Action Required:** The government needs to factor in the surplus cash balance while planning auctions and managing its overall financial strategy.

Key Entities Referenced