**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated November 18, 2025, reports on money market operations as of November 17, 2025. It provides details on various segments of the money market, including overnight and term segments, as well as RBI operations like the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release also includes information on the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations (as of November 17, 2025)**
* **Overnight Segment:**
* Total Volume: ₹6,38,465.66 Crore; Weighted Average Rate: 5.25%; Range: 4.50-6.35%.
* Breakdown by Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond is also provided.
* **Term Segment:**
* Details on Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **RBI Operations - Today's Operations (November 17, 2025):**
* MSF: ₹839.00 Crore at 5.75%.
* SDFA: ₹1,96,682.00 Crore at 5.25%.
* Net liquidity injected from today's operations: -₹1,95,843.00 Crore.
* **RBI Operations - Outstanding Operations:**
* Net liquidity injected from outstanding operations: ₹8,146.14 Crore.
* Net liquidity injected (outstanding including today's operations): -₹1,87,696.86 Crore.
* **Reserve Position of Scheduled Commercial Banks**
* Cash balances with RBI as on November 17, 2025: ₹8,23,690.75 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 17, 2025: ₹0.00 Crore.
* Net durable liquidity as on October 31, 2025: ₹3,29,090.00 Crore.
**Impact Analysis**
* **Scheduled Commercial Banks**
* **Impact:** Banks need to be aware of the current rates and liquidity conditions to manage their funds effectively and meet reserve requirements.
* **Action Required:** Monitor the RBI's reports on money market operations and adjust their strategies accordingly.
* **Financial Market Participants (Investors, Brokers, etc.)**
* **Impact:** This information helps in understanding the overall liquidity situation in the market, influencing investment and trading decisions.
* **Action Required:** Analyze the data to identify trends and opportunities in the money market.
* **Reserve Bank of India (RBI)**
* **Impact:** The data in the release helps RBI in monitoring the effectiveness of its monetary policy and liquidity management measures.
* **Action Required:** Utilize the insights from the money market operations report to make informed decisions about future policy adjustments and interventions.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for regulating the money market and conducting monetary policy operations.
Liquidity Adjustment Facility (LAF): A tool used by RBI to manage liquidity in the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight from RBI against their SLR portfolio.
Standing Deposit Facility (SDF): A tool used by RBI to absorb excess liquidity from the banking system.
Mumbai: Location of the Department of Communication, Central Office of 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 18, 2025
Money Market Operations as on November 17, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,38,465.66 5.25 4.50-6.35
I. Call Money 16,220.37 5.36 4.75-5.45
II. Triparty Repo 4,12,516.05 5.21 5.08-5.35
III. Market Repo 2,05,827.74 5.30 4.50-5.50
IV. Repo in Corporate Bond 3,901.50 5.46 5.38-6.35
B. Term Segment
I. Notice Money** 386.90 5.37 5.10-5.65
II. Term Money@@ 726.00 - 5.50-6.10
III. Triparty Repo 4,152.75 5.30 5.25-5.37
IV. Market Repo 668.63 5.50 5.30-5.60
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# Mon, 17/11/2025 1 Tue, 18/11/2025 839.00 5.75
4. SDFΔ# Mon, 17/11/2025 1 Tue, 18/11/2025 1,96,682.00 5.25
5. Net liquidity injected from today's
-1,95,843.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 8,146.14
E. Net liquidity injected from outstanding operations [injection
8,146.14
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,87,696.86
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 17, 2025 8,23,690.75
(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 17, 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: 2025-2026/1523 Deputy General Manager
(Communications)