Money Market Operations as on November 18, 2025

**Executive Summary** This press release from the Reserve Bank of India (RBI), dated November 19, 2025, provides an overview of money market operations as of November 18, 2025, including liquidity adjustment facility (LAF), marginal standing facility (MSF), standing deposit facility (SDF), and cash reserve positions of scheduled commercial banks. The release includes details on volumes, weighted average rates, and ranges for overnight and term segments. **Key Points / Main Content** * **Money Market Operations (as on November 18, 2025)** * **Overnight Segment:** Total volume of ₹6,48,091.08 Crore with a weighted average rate of 5.23% (range: 4.75-6.25%). * Call Money: ₹16,580.16 Crore, 5.37% average rate (4.75-5.45% range) * Triparty Repo: ₹4,22,639.95 Crore, 5.20% average rate (5.15-5.27% range) * Market Repo: ₹2,05,324.47 Crore, 5.29% average rate (5.00-5.50% range) * Repo in Corporate Bond: ₹3,546.50 Crore, 5.42% average rate (5.36-6.25% range) * **Term Segment:** Total volume of ₹1,917.50 Crore with a weighted average rate of 5.30% * Notice Money: ₹290.50 Crore, 5.38% average rate (5.00-5.45% range) * Term Money: ₹747.00 Crore (5.40-5.85% range) * Triparty Repo: ₹880.00 Crore, 5.27% average rate (5.10-5.35% range) * Market Repo: ₹0.00 Crore * Repo in Corporate Bond: ₹0.00 Crore * **RBI Operations (Today's Operations):** * MSF: ₹979.00 Crore, at 5.75%, maturing on November 19, 2025. * SDFA: ₹1,83,892.00 Crore, at 5.25%, maturing on November 19, 2025. * Net liquidity injected from today's operations [injection (+)/absorption (-)]: -₹1,82,913.00 Crore * **RBI Operations (Outstanding Operations):** * Standing Liquidity Facility (SLF) Availed from RBI: ₹7,805.16 Crore * Net liquidity injected from outstanding operations [injection (+)/absorption (-)]: ₹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 affected by the details on overnight and term segments, liquidity injections, cash reserve requirements, and facility availments, which will influence their treasury operations. * **Action Required:** Review liquidity positions and adjust strategies based on the disclosed rates, volumes, and requirements. **RBI (Reserve Bank of India)** * **Impact:** The RBI is responsible for managing the money market and controlling liquidity in the system, as reflected in the report. * **Action Required:** Continue to monitor money market conditions and adjust liquidity management tools (LAF, MSF, SDF) as necessary. **Government of India** * **Impact:** Surplus cash balance affects liquidity. * **Action Required:** Monitor and manage surplus cash balance. **Market Participants** * **Impact:** Traders, financial institutions and other market participants are affected by market rates, liquidity conditions. * **Action Required:** Monitor the release to adjust strategies.

Key Entities Referenced