**Executive Summary**
This press release from the Reserve Bank of India, dated November 28, 2025, reports on money market operations as of November 27, 2025. It details volumes, weighted average rates, and ranges for various segments, as well as RBI operations. It also covers the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations (November 27, 2025):**
* **Overnight Segment:**
* Total volume: ₹6,77,866.13 Crore; Weighted Average Rate: 5.32%; Range: 4.25-5.95%
* Call Money: Volume ₹19,550.95 Crore; Weighted Average Rate: 5.40%; Range 4.75-5.45%
* Triparty Repo: Volume ₹4,42,143.80 Crore; Weighted Average Rate: 5.30%; Range: 5.00-5.43%
* Market Repo: Volume ₹2,12,880.88 Crore; Weighted Average Rate: 5.34%; Range: 4.25-5.65%
* Repo in Corporate Bond: Volume ₹3,290.50 Crore; Weighted Average Rate: 5.47%; Range: 5.35-5.95%
* **Term Segment:**
* Notice Money**: Volume ₹157.85 Crore; Weighted Average Rate: 5.28%; Range: 5.00-5.45%
* Term Money@@: Volume ₹643.00 Crore; Range: 5.35-5.90%
* Triparty Repo: Volume ₹810.00 Crore; Weighted Average Rate: 5.35%; Range: 5.25-5.40%
* Market Repo: Volume ₹789.44 Crore; Weighted Average Rate: 5.55%; Range: 5.50-5.58%
* Repo in Corporate Bond: Volume ₹0.00 Crore.
* **RBI Operations:**
* Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), & Standing Deposit Facility (SDF)
* Repo Operation (Variable Rate): Auction Date Thu, 27/11/2025; Tenor 1 day; Maturity Date Fri, 28/11/2025; ₹318.00 Crore; Cut off Rate 5.75%
* SDFA (Variable Rate): Auction Date Thu, 27/11/2025; Tenor 1 day; Maturity Date Fri, 28/11/2025; ₹1,50,906.00 Crore; Cut off Rate 5.25%
* Net liquidity injected (today's operations): ₹-1,50,588.00 Crore.
* Outstanding Operations (Variable Rate):
* Repo Operation: Auction Date Fri, 21/11/2025; Tenor 7 day; Maturity Date Fri, 28/11/2025; ₹16,363.00 Crore; Cut off Rate 5.51%
* Standing Liquidity Facility (SLF) Availed from RBI$: ₹7,395.71 Crore.
* Net liquidity injected from outstanding operations ₹23,758.71 Crore.
* Net liquidity injected (outstanding including today's operations) ₹-1,26,829.29 Crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on November 27, 2025: ₹7,93,713.92 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 27, 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**: The report provides insights into the liquidity position of scheduled commercial banks, impacting their short-term funding and investment decisions.
* **Action Required**: Banks should review their cash reserve positions and adjust their strategies based on the reported rates, volumes, and liquidity conditions.
Key Entities Referenced
Reserve Bank of India (RBI): India's central bank, responsible for regulating the money market.
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 funds from the RBI.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system.
Money Market: The market for short-term debt instruments.
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 28, 2025
Money Market Operations as on November 27, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,77,866.13 5.32 4.25-5.95
I. Call Money 19,550.95 5.40 4.75-5.45
II. Triparty Repo 4,42,143.80 5.30 5.00-5.43
III. Market Repo 2,12,880.88 5.34 4.25-5.65
IV. Repo in Corporate Bond 3,290.50 5.47 5.35-5.95
B. Term Segment
I. Notice Money** 157.85 5.28 5.00-5.45
II. Term Money@@ 643.00 - 5.35-5.90
III. Triparty Repo 810.00 5.35 5.25-5.40
IV. Market Repo 789.44 5.55 5.50-5.58
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# Thu, 27/11/2025 1 Fri, 28/11/2025 318.00 5.75
4. SDFΔ# Thu, 27/11/2025 1 Fri, 28/11/2025 1,50,906.00 5.25
5. Net liquidity injected from today's
-1,50,588.00
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$ 7,395.71
E. Net liquidity injected from outstanding operations [injection
23,758.71
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,26,829.29
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 27, 2025 7,93,713.92
(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 27, 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: 2025-2026/1574 Deputy General Manager
(Communications)