**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated November 19, 2025, reports on the money market operations as of November 18, 2025, including overnight and term segments, RBI operations, and cash reserve positions. The report provides volumes, weighted average rates, and ranges for various money market instruments. The information is provided for transparency and understanding of the current money market situation.
**Key Points / Main Content**
* **Money Markets (November 18, 2025)**
* **Overnight Segment:** Total volume ₹6,48,091.08 Crore with a weighted average rate of 5.23% (range: 4.75-6.25%). Includes call money, triparty repo, market repo, and repo in corporate bonds.
* **Term Segment:** Includes notice money (2-14 days uncollateralized), term money (15 days to one year uncollateralized), triparty repo, market repo and repo in corporate bonds.
* **RBI Operations (Today's Operations):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):** Fixed and variable rates were used for repo and reverse repo operations.
* MSF: ₹979.00 Crore at 5.75%
* SDFA: ₹1,83,892.00 Crore at 5.25%
* Net liquidity absorption ₹-1,82,913.00 Crore.
* **RBI Operations (Outstanding Operations):**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹7,805.16 Crore.
* Net liquidity injection from outstanding operations: ₹7,805.16 Crore.
* Net liquidity injection (outstanding including today’s operations): ₹-1,75,107.84 Crore.
* **Reserve Position:**
* Cash balances with RBI as of November 18, 2025: ₹8,38,474.76 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 18, 2025: ₹0.00 Crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on October 31, 2025: ₹3,29,090.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** They need to maintain the required cash reserve with the RBI and participate in money market operations.
* **Action Required:** Monitor cash balances with RBI, manage liquidity as per requirements.
**Stakeholder: Money Market Participants (Investors, Institutions)**
* **Impact:** The data influences their decisions regarding investments in money market instruments.
* **Action Required:** Analyze the reported rates and volumes to inform trading and investment strategies.
**Stakeholder: RBI**
* **Impact:** Provides data for monitoring money market conditions and liquidity.
* **Action Required:** Use the data to adjust monetary policy as needed.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, involved in money market operations.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight from the RBI.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system.
Money Market: The overall scope of the operations described.
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 19, 2025
Money Market Operations as on November 18, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,48,091.08 5.23 4.75-6.25
I. Call Money 16,580.16 5.37 4.75-5.45
II. Triparty Repo 4,22,639.95 5.20 5.15-5.27
III. Market Repo 2,05,324.47 5.29 5.00-5.50
IV. Repo in Corporate Bond 3,546.50 5.42 5.36-6.25
B. Term Segment
I. Notice Money** 290.50 5.38 5.00-5.45
II. Term Money@@ 747.00 - 5.40-5.85
III. Triparty Repo 880.00 5.27 5.10-5.35
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# Tue, 18/11/2025 1 Wed, 19/11/2025 979.00 5.75
4. SDFΔ# Tue, 18/11/2025 1 Wed, 19/11/2025 1,83,892.00 5.25
5. Net liquidity injected from today's
-1,82,913.00
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$ 7,805.16
E. Net liquidity injected from outstanding operations [injection
7,805.16
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,75,107.84
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 18, 2025 8,38,474.76
(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 18, 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: 2025-2026/1527 Deputy General Manager
(Communications)