Money Market Operations as on November 18, 2025

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated November 19, 2025, reports on money market operations as of November 18, 2025. It details the volumes, weighted average rates, and ranges for various overnight and term segments, as well as RBI operations related to liquidity adjustment facilities. The release also includes the cash reserve position of scheduled commercial banks. **Key Points / Main Content** * **Money Markets (as on November 18, 2025):** * **Overnight Segment:** * Total volume: ₹6,48,091.08 Crore; Weighted Average Rate: 5.23%; Range: 4.75-6.25%. * Call Money: ₹16,580.16 Crore; Weighted Average Rate: 5.37%; Range: 4.75-5.45%. * Triparty Repo: ₹4,22,639.95 Crore; Weighted Average Rate: 5.20%; Range: 5.15-5.27%. * Market Repo: ₹2,05,324.47 Crore; Weighted Average Rate: 5.29%; Range: 5.00-5.50%. * Repo in Corporate Bond: ₹3,546.50 Crore; Weighted Average Rate: 5.42%; Range: 5.36-6.25%. * **Term Segment:** * Notice Money (2-14 days): ₹290.50 Crore; Weighted Average Rate: 5.38%; Range: 5.00-5.45%. * Term Money (15 days to 1 year): ₹747.00 Crore; Range: 5.40-5.85%. * Triparty Repo: ₹880.00 Crore; Weighted Average Rate: 5.27%; Range: 5.10-5.35%. * Market Repo: ₹0.00 Crore. * Repo in Corporate Bond: ₹0.00 Crore. * **RBI Operations (Today's Operations - November 18, 2025):** * Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF). * MSF: Amount ₹979.00 Crore; Current Rate/Cut off Rate: 5.75%. * SDFA: Amount ₹1,83,892.00 Crore; Current Rate/Cut off Rate: 5.25%. * Net liquidity injected from today's operations (injection (+)/absorption (-)): -₹1,82,913.00 Crore. * Net liquidity injected from outstanding operations (injection (+)/absorption (-)): ₹7,805.16 Crore. * Standing Liquidity Facility (SLF) Availed from RBI: ₹7,805.16 Crore. * Net liquidity injected (outstanding including today's operations) (injection (+)/absorption (-)): -₹1,75,107.84 Crore. * **Reserve Position:** * **Cash Reserves Position of Scheduled Commercial Banks:** * Cash balances with RBI as on 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** **Scheduled Commercial Banks** * **Impact:** Banks are directly affected by the reported rates and volumes in the money markets, as these influence their borrowing and lending activities. Banks are required to maintain a certain amount of cash reserves with the RBI. * **Action Required:** Scheduled commercial banks need to monitor and adjust their liquidity management strategies based on the money market conditions and the RBI's operations. Ensure compliance with the cash reserve requirements. **RBI** * **Impact:** The RBI uses the reported data to monitor and manage liquidity in the money market, influencing interest rates and overall financial stability. * **Action Required:** Continuously monitor money market operations, adjust policy instruments (e.g., LAF, MSF, SDF) as needed to maintain desired liquidity levels and stability. **Government of India** * **Impact:** The government's surplus cash balance with the RBI is reported, which is relevant to the overall fiscal management. * **Action Required:** Monitor and manage cash balances to optimize resource utilization.

Key Entities Referenced