**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated November 17, 2025, reports on money market operations as of November 15, 2025. It details volumes, weighted average rates, and ranges for various money market segments, including overnight and term segments, as well as RBI operations such as LAF, MSF, and SDF. It also includes the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets (Overnight Segment - November 15, 2025):**
* Call Money: Volume of ₹1,226.85 Crore, weighted average rate of 5.01%, range of 4.80-5.40%.
* Triparty Repo: Volume of ₹12,820.85 Crore, weighted average rate of 5.17%, range of 5.00-5.40%.
* Market Repo: Volume of ₹939.47 Crore, weighted average rate of 4.47%, range of 3.50-5.60%.
* Repo in Corporate Bond: Volume of ₹0.00 Crore.
* **Money Markets (Term Segment - November 15, 2025):**
* Notice Money, Term Money, Triparty Repo, Market Repo and Repo in Corporate Bond: Volume of ₹0.00 Crore.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations (November 15, 2025):**
* MSF: Auction date Sat, 15/11/2025, tenor 1 day(s), maturity date Sun, 16/11/2025, Amount ₹1,106.00 Crore, Current Rate/Cut off Rate 5.75.
* MSF: Auction date Sat, 15/11/2025, tenor 2 day(s), maturity date Mon, 17/11/2025, Amount ₹7.00 Crore, Current Rate/Cut off Rate 5.75.
* SDFA: Auction date Sat, 15/11/2025, tenor 1 day(s), maturity date Sun, 16/11/2025, Amount ₹1,11,184.00 Crore, Current Rate/Cut off Rate 5.25.
* SDFA: Auction date Sat, 15/11/2025, tenor 2 day(s), maturity date Mon, 17/11/2025, Amount ₹20,757.00 Crore, Current Rate/Cut off Rate 5.25.
* Net liquidity injected from today's operations [injection (+)/absorption (-)]*: ₹-1,30,828.00 Crore.
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Outstanding Operations:**
* Reverse Repo Operation: Auction date Fri, 14/11/2025, tenor 3 day(s), maturity date Mon, 17/11/2025, Amount ₹57,380.00 Crore, Current Rate/Cut off Rate 5.49.
* MSF: Auction date Fri, 14/11/2025, tenor 2 day(s), maturity date Sun, 16/11/2025, Amount ₹0.00 Crore, Current Rate/Cut off Rate 5.75.
* MSF: Auction date Fri, 14/11/2025, tenor 3 day(s), maturity date Mon, 17/11/2025, Amount ₹1,025.00 Crore, Current Rate/Cut off Rate 5.75.
* SDFA: Auction date Fri, 14/11/2025, tenor 2 day(s), maturity date Sun, 16/11/2025, Amount ₹83.00 Crore, Current Rate/Cut off Rate 5.25.
* SDFA: Auction date Fri, 14/11/2025, tenor 3 day(s), maturity date Mon, 17/11/2025, Amount ₹1,936.00 Crore, Current Rate/Cut off Rate 5.25.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹8,146.14 Crore.
* Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*: ₹-50,227.86 Crore.
* Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]*: ₹-1,81,055.86 Crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on November 15, 2025: ₹8,47,979.53 Crore.
* Average daily cash reserve requirement for the fortnight ending November 28, 2025: ₹8,06,057.00 Crore.
* **Government of India Surplus Cash Balance:**
* Reckoned for Auction as on November 14, 2025: ₹0.00 Crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on October 31, 2025: ₹3,29,090.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact**
* Affected by the cash reserve requirements and liquidity conditions.
* **Action Required**
* Maintain required cash reserves with the RBI.
**Money Market Participants (including financial institutions and corporate entities)**
* **Impact**
* Influenced by the rates and volumes in the overnight and term money markets.
* **Action Required**
* Adjust investment and borrowing strategies based on market conditions and RBI operations.
**RBI**
* **Impact**
* Responsible for managing liquidity and maintaining stability in the money markets.
* **Action Required**
* Monitor market conditions and adjust operations as necessary to achieve monetary policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India responsible for monetary policy and regulation of the banking system, referenced throughout the document.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the market.
Mumbai: Location of the Department of Communication for the Reserve Bank of India
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 17, 2025
Money Market Operations as on November 15, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 14,987.17 5.11 3.50-5.60
I. Call Money 1,226.85 5.01 4.80-5.40
II. Triparty Repo 12,820.85 5.17 5.00-5.40
III. Market Repo 939.47 4.47 3.50-5.60
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
IV. Market Repo 0.00 - -
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# Sat, 15/11/2025 1 Sun, 16/11/2025 1,106.00 5.75
Sat, 15/11/2025 2 Mon, 17/11/2025 7.00 5.75
4. SDFΔ# Sat, 15/11/2025 1 Sun, 16/11/2025 1,11,184.00 5.25
Sat, 15/11/2025 2 Mon, 17/11/2025 20,757.00 5.25
5. Net liquidity injected from today's
-1,30,828.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation Fri, 14/11/2025 3 Mon, 17/11/2025 57,380.00 5.49
3. MSF# Fri, 14/11/2025 2 Sun, 16/11/2025 0.00 5.75
Fri, 14/11/2025 3 Mon, 17/11/2025 1,025.00 5.75
4. SDFΔ# Fri, 14/11/2025 2 Sun, 16/11/2025 83.00 5.25
Fri, 14/11/2025 3 Mon, 17/11/2025 1,936.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 8,146.14
E. Net liquidity injected from outstanding operations [injection
-50,227.86
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,81,055.86
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 15, 2025 8,47,979.53
(ii) Average daily cash reserve requirement for the fortnight ending November 28, 2025 8,06,057.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ November 14, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on October 31, 2025 3,29,090.00
@ 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: 2025-2026/1512 Deputy General Manager
(Communications)