**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI) detailing the money market operations as of November 25, 2025. It provides information on overnight and term segment transactions, RBI operations including LAF, MSF and SDF and the cash reserve position of scheduled commercial banks. The information is dated up to November 28, 2025.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment (November 25, 2025):**
* Total volume: ₹7,00,555.73 crore, Weighted Average Rate: 5.28%, Range: 4.50-6.35%
* Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment (November 25, 2025):**
* Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond are listed with volumes and rates.
* **RBI Operations (November 25, 2025):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* Variable Rate Repo Operation: ₹1,092.00 crore at 5.75%
* Variable Rate Reverse Repo Operation: ₹1,59,522.00 crore at 5.25%
* Net liquidity injected from today's operations: -₹1,58,430.00 crore
* **Outstanding Operations (November 21, 2025 - November 28, 2025):**
* Variable Rate Repo Operation: ₹16,363.00 crore at 5.51%
* 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): -₹1,33,799.65 crore
* **Reserve Position:**
* **Cash Reserves Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on November 25, 2025: ₹8,00,240.29 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 25, 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:** Need to maintain adequate cash reserves with RBI and manage liquidity as per the outlined operations and rates.
* **Action Required:** Monitor money market operations and adjust strategies to align with RBI's policies and rates.
**Stakeholder: Financial Institutions**
* **Impact:** Affected by the liquidity adjustments and rate changes in various money market segments.
* **Action Required:** Analyze the money market trends and adjust investment and lending strategies accordingly.
**Stakeholder: RBI**
* **Impact:** Responsible for managing liquidity in the money market through various instruments and operations.
* **Action Required:** Continuously monitor market conditions and adjust operations to maintain stability and achieve monetary policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, responsible for monetary policy and regulation of the financial system. The primary issuing body for the press release.
Liquidity Adjustment Facility (LAF): A tool used by the 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 funds from the RBI against government securities.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banking system without the need for collateral.
Money Market Operations: Activities related to the trading of short-term debt instruments, including overnight, term, and repo transactions.
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 26, 2025
Money Market Operations as on November 25, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 7,00,555.73 5.28 4.50-6.35
I. Call Money 18,709.12 5.43 4.75-5.50
II. Triparty Repo 4,75,781.55 5.25 5.15-5.30
III. Market Repo 2,02,654.56 5.33 4.50-5.60
IV. Repo in Corporate Bond 3,410.50 5.48 5.43-6.35
B. Term Segment
I. Notice Money** 126.00 5.38 5.00-5.45
II. Term Money@@ 1,907.00 - 5.45-6.05
III. Triparty Repo 250.00 5.31 5.31-5.31
IV. Market Repo 327.37 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# Tue, 25/11/2025 1 Wed, 26/11/2025 1,092.00 5.75
4. SDFΔ# Tue, 25/11/2025 1 Wed, 26/11/2025 1,59,522.00 5.25
5. Net liquidity injected from today's
-1,58,430.00
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
-1,33,799.65
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 25, 2025 8,00,240.29
(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 25, 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: 2025-2026/1565 Deputy General Manager
(Communications)