**Executive Summary**
This press release from the Reserve Bank of India, dated November 17, 2025, provides details on money market operations as of November 16, 2025. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF), and the cash reserve position of scheduled commercial banks. The next average daily cash reserve requirement is for the fortnight ending November 28, 2025.
**Key Points / Main Content**
* **Money Market Operations (November 16, 2025)**
* **Overnight Segment:** Volume is 0.00 for Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:** Volume is 0.00 for Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **RBI Operations**
* **Today's Operations:**
* Reverse Repo Operation: ₹1,10,112.00 Crore, 5.25% Rate/Cut off.
* MSF: ₹125.00 Crore, 5.75% Rate/Cut off.
* Net liquidity injected from today's operations: -₹1,09,987.00 Crore.
* **Outstanding Operations:**
* Reverse Repo Operation: ₹57,380.00 Crore, 5.49% Rate.
* MSF: ₹1,025.00 Crore, 5.75% Rate.
* SDFA: ₹20,757.00 Crore, 5.25% Rate.
* Standing Liquidity Facility (SLF) Availed from RBI: ₹1,936.00 Crore
* Net liquidity injected from outstanding operations: -₹70,894.86 Crore.
* Net liquidity injected (outstanding including today's operations): -₹1,80,881.86 Crore.
* **Reserve Position of Scheduled Commercial Banks**
* Cash balances with RBI as on November 16, 2025: ₹8,48,120.86 Crore.
* Average daily cash reserve requirement for the fortnight ending November 28, 2025: ₹8,06,057.00 Crore.
* Net durable liquidity as on October 31, 2025: ₹3,29,090.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Affected by changes in repo rates, MSF rates, SDF rates, and cash reserve requirements, which impact their liquidity and borrowing costs.
* **Action Required:** Monitor the changes in policy rates and adjust their liquidity management strategies accordingly to comply with RBI regulations and manage their cash reserves effectively.
**Stakeholder: Financial Markets Participants**
* **Impact:** Influenced by the overall liquidity conditions in the money market, which affects the yields on various financial instruments.
* **Action Required:** Track RBI's money market operations to assess liquidity trends and adjust investment strategies accordingly.
**Stakeholder: Reserve Bank of India**
* **Impact:** Ability to influence market liquidity, lending rates, and overall monetary policy.
* **Action Required:** Continuously monitor money market conditions and make adjustments to its operations to achieve its policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for monetary policy and banking regulation.
Liquidity Adjustment Facility (LAF): Tool used by the RBI to manage liquidity in the banking system.
Marginal Standing Facility (MSF): Facility under which scheduled commercial banks can borrow overnight funds from the RBI.
Standing Deposit Facility (SDF): Tool that allows the RBI to absorb excess liquidity from the banking system without any collateral.
Money Market: Financial 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 17, 2025
Money Market Operations as on November 16, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 0.00 - -
I. Call Money 0.00 - -
II. Triparty Repo 0.00 - -
III. Market Repo 0.00 - -
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# Sun, 16/11/2025 1 Mon, 17/11/2025 125.00 5.75
4. SDFΔ# Sun, 16/11/2025 1 Mon, 17/11/2025 1,10,112.00 5.25
5. Net liquidity injected from today's
-1,09,987.00
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# Sat, 15/11/2025 2 Mon, 17/11/2025 7.00 5.75
Fri, 14/11/2025 3 Mon, 17/11/2025 1,025.00 5.75
4. SDFΔ# Sat, 15/11/2025 2 Mon, 17/11/2025 20,757.00 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
-70,894.86
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,80,881.86
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 16, 2025 8,48,120.86
(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: 2025-2026/1513 Deputy General Manager
(Communications)