**Executive Summary**
This document is a press release from the Reserve Bank of India, dated November 28, 2025, summarizing the money market operations as of November 27, 2025. It details the volume, weighted average rate, and range for various money market segments and RBI operations, including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The document also provides the cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume is ₹6,77,866.13 Crore with a weighted average rate of 5.32% (range 4.25-5.95%).
* Call Money: ₹19,550.95 Crore at 5.40% (4.75-5.45%)
* Triparty Repo: ₹4,42,143.80 Crore at 5.30% (5.00-5.43%)
* Market Repo: ₹2,12,880.88 Crore at 5.34% (4.25-5.65%)
* Repo in Corporate Bond: ₹3,290.50 Crore at 5.47% (5.35-5.95%)
* **Term Segment:**
* Notice Money: ₹157.85 Crore at 5.28% (5.00-5.45%)
* Term Money: ₹643.00 Crore (5.35-5.90%)
* Triparty Repo: ₹810.00 Crore at 5.35% (5.25-5.40%)
* Market Repo: ₹789.44 Crore at 5.55% (5.50-5.58%)
* Repo in Corporate Bond: ₹0.00 Crore
* **RBI Operations (Today's Operations):**
* Variable Rate Repo Operation: ₹318.00 Crore at 5.75%
* Standing Deposit Facility (SDF): ₹1,50,906.00 Crore at 5.25%
* Net liquidity injection from today's operations (absorption): ₹-1,50,588.00 Crore.
* **RBI Operations (Outstanding Operations):**
* Variable Rate Repo Operation (dated Fri, 21/11/2025, maturing on Fri, 28/11/2025): ₹16,363.00 Crore at 5.51%
* **Other Liquidity Measures:**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹7,395.71 Crore.
* Net liquidity injected from outstanding operations (injection): ₹23,758.71 Crore.
* Net liquidity injected (outstanding including today's operations) (absorption): ₹-1,26,829.29 Crore.
* **Reserve Position:**
* 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 as on October 31, 2025: ₹3,29,090.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** The document provides insight into the liquidity in the money market, assisting them in managing their funds and meeting reserve requirements.
* **Action Required:** They need to monitor the rates and volumes of various money market instruments to optimize their borrowing and lending strategies. They also need to ensure they meet their cash reserve requirements with the RBI.
**RBI**
* **Impact:** This is a report produced by the RBI for managing the money supply and ensuring financial stability.
* **Action Required:** Use the data to formulate monetary policy and make decisions about liquidity management.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, key regulator of money markets
Liquidity Adjustment Facility (LAF): Tool used by RBI to manage liquidity in the banking system
Marginal Standing Facility (MSF): Facility under which banks can borrow overnight funds from RBI
Standing Deposit Facility (SDF): Tool used by RBI to absorb excess liquidity from the banking system
Money Markets: The document reports money market operations in India
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)