**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI) regarding money market operations as of November 24, 2025. It details volumes, weighted average rates, and ranges for various money market segments. The document also covers RBI operations, including liquidity adjustment facilities, marginal standing facilities, and standing deposit facilities, and the cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations:**
* **Overnight Segment:**
* Total volume: ₹6,90,995.18 crore, Weighted average rate: 5.36%, Range: 4.00-6.00%
* Call Money: ₹19,991.38 crore, Weighted average rate: 5.52%, Range: 4.75-5.60%
* Triparty Repo: ₹4,51,972.35 crore, Weighted average rate: 5.31%, Range: 5.01-5.42%
* Market Repo: ₹2,14,835.95 crore, Weighted average rate: 5.44%, Range: 4.00-5.60%
* Repo in Corporate Bond: ₹4,195.50 crore, Weighted average rate: 5.61%, Range: 5.45-6.00%
* **Term Segment:**
* Total volume: ₹505.75 crore, Weighted average rate: 5.36%, Range: 4.90-5.75%
* Notice Money: ₹570.00 crore, Weighted average rate: no data, Range: 5.65-5.90%
* Triparty Repo: ₹626.00 crore, Weighted average rate: 5.34%, Range: 5.22-5.60%
* Market Repo: ₹405.00 crore, Weighted average rate: 5.55%, Range: 5.55-5.55%
* Repo in Corporate Bond: ₹0.00 crore, Weighted average rate: no data, Range: no data
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* Fixed Rate: no data
* Variable Rate:
* Repo Operation: Auction Date -Mon, 24/11/2025, Tenor - 1 Days, Maturity Date - Tue, 25/11/2025, Amount - ₹729.00 crore, Rate - 5.75%
* Reverse Repo Operation: Auction Date -Mon, 24/11/2025, Tenor - 1 Days, Maturity Date - Tue, 25/11/2025, Amount - ₹1,53,483.00 crore, Rate - 5.25%
* Net liquidity injected from today's operations: ₹-1,52,754.00 crore
* **Outstanding Operations:**
* Fixed Rate: no data
* Variable Rate:
* Repo Operation: Auction Date -Fri, 21/11/2025, Tenor - 7 Days, Maturity Date - Fri, 28/11/2025, Amount - ₹16,363.00 crore, Rate - 5.51%
* **Other Liquidity Facilities:**
* Standing Liquidity Facility (SLF) availed from RBI: ₹8,267.35 crore
* Net liquidity injected from outstanding operations: ₹24,630.35 crore
* Net liquidity injected (outstanding including today’s operations): ₹-1,28,123.65 crore
* **Reserve Position:**
* Cash balances with RBI as on November 24, 2025: ₹7,86,209.18 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 24, 2025: ₹0.00 crore
* Net durable liquidity as on October 31, 2025: ₹3,29,090.00 crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Must maintain the required cash reserve ratio (CRR) with RBI.
* **Action Required:** Ensure sufficient cash balances with RBI to meet CRR requirements.
**RBI**
* **Impact:** Must manage liquidity in the money market through various instruments.
* **Action Required:** Monitor and adjust money market operations based on liquidity conditions.
**Government of India**
* **Impact:** Management of surplus cash balance.
* **Action Required:** Monitor and respond to liquidity conditions.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for monetary policy and regulation of the banking system.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against eligible government securities.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb excess liquidity from banks without requiring them to pledge collateral.
Money Market: Financial market in which short-term debt instruments are traded.
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 25, 2025
Money Market Operations as on November 24, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,90,995.18 5.36 4.00-6.00
I. Call Money 19,991.38 5.52 4.75-5.60
II. Triparty Repo 4,51,972.35 5.31 5.01-5.42
III. Market Repo 2,14,835.95 5.44 4.00-5.60
IV. Repo in Corporate Bond 4,195.50 5.61 5.45-6.00
B. Term Segment
I. Notice Money** 505.75 5.36 4.90-5.75
II. Term Money@@ 570.00 - 5.65-5.90
III. Triparty Repo 626.00 5.34 5.22-5.60
IV. Market Repo 405.00 5.55 5.55-5.55
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, 24/11/2025 1 Tue, 25/11/2025 729.00 5.75
4. SDFΔ# Mon, 24/11/2025 1 Tue, 25/11/2025 1,53,483.00 5.25
5. Net liquidity injected from today's
-1,52,754.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Fri, 21/11/2025 7 Fri, 28/11/2025 16,363.00 5.51
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 8,267.35
E. Net liquidity injected from outstanding operations [injection
24,630.35
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,28,123.65
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 24, 2025 7,86,209.18
(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 24, 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: 2025-2026/1562 Deputy General Manager
(Communications)