**Executive Summary**
This press release from the Reserve Bank of India, dated December 01, 2025, reports on money market operations as of November 29, 2025. It details the volumes, weighted average rates, and ranges for various money market segments, RBI operations, and the cash reserve position of scheduled commercial banks. The report also includes details of Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) operations.
**Key Points / Main Content**
* **Money Markets (as of November 29, 2025)**
* **Overnight Segment (I+II+III+IV):** Volume: ₹20,883.14 Crore, Weighted Average Rate: 5.14%, Range: 3.50-5.77%
* **Term Segment:** All segments reported ₹0.00 Crore.
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):** Details provided for both today's operations (November 29, 2025) and outstanding operations.
* **MSF:** Auctions conducted on November 29, 2025 and November 28, 2025 with varying tenors, maturity dates, and amounts.
* **SDFA:** Auctions conducted on November 29, 2025 and November 28, 2025 with varying tenors, maturity dates, and amounts.
* **Net liquidity injected from today's operations:** Absorption of ₹1,53,056.00 Crore.
* **Net liquidity injected from outstanding operations:** Injection of ₹9,637.36 Crore.
* **Net liquidity injected (outstanding including today's operations):** Absorption of ₹1,45,474.64 Crore.
* **Reserve Position of Scheduled Commercial Banks**
* **Cash Balances with RBI (as of November 29, 2025):** ₹8,32,171.94 Crore.
* **Average Daily Cash Reserve Requirement for the Fortnight Ending (December 12, 2025):** ₹7,39,862.00 Crore.
* **Government of India Surplus Cash Balance Reckoned for Auction as on (November 28, 2025):** ₹0.00 Crore
* **Net durable liquidity [surplus (+)/deficit (-)] as on (November 14, 2025):** ₹3,61,346.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** Banks are directly impacted by the reported money market operations and reserve requirements. The report provides information on liquidity conditions and the cost of funds, which influences their lending and borrowing decisions.
* **Action Required:** Banks should analyze the data on money market rates and volumes to optimize their liquidity management and funding strategies. They must also ensure compliance with the cash reserve requirements.
**Stakeholder: Financial Market Participants**
* **Impact:** This report provides key indicators of market liquidity and interest rate trends, affecting trading strategies and investment decisions.
* **Action Required:** Financial institutions should incorporate this information into their models and analyses to assess market conditions and manage risk effectively.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** Provides a snapshot of the effectiveness of recent interventions.
* **Action Required:** Monitor the trends and make further interventions to keep markets within desired parameters.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India; the primary subject involved in the money market operations.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI.
Standing Deposit Facility (SDF): A tool for absorbing liquidity from the banking system by the RBI.
Money Market: The overall subject of the press release. This is the market where short-term financial 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
December 01, 2025
Money Market Operations as on November 29, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 20,883.14 5.14 3.50-5.77
I. Call Money 3,142.62 5.25 4.75-5.40
II. Triparty Repo 11,902.95 4.90 4.50-5.50
III. Market Repo 5,837.57 5.55 3.50-5.77
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
IV. Market Repo 0.00 - -
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# Sat, 29/11/2025 1 Sun, 30/11/2025 312.00 5.75
Sat, 29/11/2025 2 Mon, 01/12/2025 29.00 5.75
4. SDFΔ# Sat, 29/11/2025 1 Sun, 30/11/2025 1,35,627.00 5.25
Sat, 29/11/2025 2 Mon, 01/12/2025 17,770.00 5.25
5. Net liquidity injected from today's
-1,53,056.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF# Fri, 28/11/2025 2 Sun, 30/11/2025 0.00 5.75
Fri, 28/11/2025 3 Mon, 01/12/2025 1,750.00 5.75
4. SDFΔ# Fri, 28/11/2025 2 Sun, 30/11/2025 0.00 5.25
Fri, 28/11/2025 3 Mon, 01/12/2025 3,806.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 9,637.36
E. Net liquidity injected from outstanding operations [injection
7,581.36
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,45,474.64
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on November 29, 2025 8,32,171.94
(ii) Average daily cash reserve requirement for the fortnight ending December 12, 2025 7,39,862.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ November 28, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on November 14, 2025 3,61,346.00
@ 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: 2025-2026/1594 Deputy General Manager
(Communications)