Money Market Operations as on November 29, 2025

**Executive Summary** This press release from the Reserve Bank of India, dated December 1, 2025, reports on the money market operations as of November 29, 2025. It details the volumes, weighted average rates, and ranges for various segments including overnight, term, and RBI operations. The report also covers the cash reserve positions of scheduled commercial banks. **Key Points / Main Content** * **Money Market Operations (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% * **Call Money:** Volume: ₹3,142.62 Crore, Weighted Average Rate: 5.25%, Range: 4.75-5.40% * **Triparty Repo:** Volume: ₹11,902.95 Crore, Weighted Average Rate: 4.90%, Range: 4.50-5.50% * **Market Repo:** Volume: ₹5,837.57 Crore, Weighted Average Rate: 5.55%, Range: 3.50-5.77% * **Repo in Corporate Bond:** Volume: ₹0.00 Crore * **Term Segment:** Volume: ₹0.00 Crore for all sub-categories. * **Notice Money** * **Term Money** * **Triparty Repo** * **Market Repo** * **Repo in Corporate Bond** * **RBI Operations:** * **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:** * **Variable Rate:** * **MSF:** Auction Date: 29/11/2025, Tenor: 1 & 2 Days, Maturity Date: 30/11/2025 & 01/12/2025, Amount: ₹312.00 & ₹29.00 Crore, Rate: 5.75% * **SDF:** Auction Date: 29/11/2025, Tenor: 1 & 2 Days, Maturity Date: 30/11/2025 & 01/12/2025, Amount: ₹1,35,627.00 & ₹17,770.00 Crore, Rate: 5.25% * **Net liquidity injected from today's operations [injection (+)/absorption (-)]:** ₹-1,53,056.00 Crore * **Outstanding Operations:** * **Variable Rate:** * **MSF:** Auction Date: 28/11/2025, Tenor: 2 & 3 Days, Maturity Date: 30/11/2025 & 01/12/2025, Amount: ₹0.00 & ₹1,750.00 Crore, Rate: 5.75% * **SDF:** Auction Date: 28/11/2025, Tenor: 2 & 3 Days, Maturity Date: 30/11/2025 & 01/12/2025, Amount: ₹0.00 & ₹3,806.00 Crore, Rate: 5.25% * **Standing Liquidity Facility (SLF) Availed from RBI:** ₹9,637.36 Crore * **Net liquidity injected from outstanding operations [injection (+)/absorption (-)]:** ₹7,581.36 Crore * **Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]:** ₹-1,45,474.64 Crore * **Reserve Position:** * **Cash Reserves Position of Scheduled Commercial Banks:** * **Cash balances with RBI as on 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:** Their liquidity and reserve requirements are directly affected by the rates, volumes, and operations detailed in the report. * **Action Required:** Banks need to manage their cash reserves and liquidity positions in accordance with the reported market conditions and RBI operations. **Stakeholder: Financial Institutions Participating in Money Markets** * **Impact:** The report provides data on market rates, volumes, and liquidity conditions, which are essential for their trading and investment decisions. * **Action Required:** Institutions must analyze the data to optimize their strategies for borrowing, lending, and investing in the money market. **Stakeholder: Reserve Bank of India (RBI)** * **Impact:** The report serves as a record and assessment of the effectiveness of their monetary policy operations. * **Action Required:** The RBI uses this data to monitor market conditions and adjust its policies as needed to maintain financial stability and liquidity in the market.

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