Money Market Operations as on November 30, 2025

**Executive Summary** This document is a press release from the Reserve Bank of India (RBI), dated December 1, 2025, providing a summary of money market operations as of November 30, 2025. It details volumes, weighted average rates, and ranges for various money market segments, as well as information on RBI operations such as the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release also includes reserve positions of scheduled commercial banks. **Key Points / Main Content** * **Money Markets (as of November 30, 2025):** * **Overnight Segment:** Volume is 0.00 for Call Money, Triparty Repo, Market Repo and Repo in Corporate Bond. * **Term Segment:** Volume is 0.00 for Notice Money, Term Money, Triparty Repo, Market Repo and Repo in Corporate Bond. * **RBI Operations (Today's Operations):** * **MSF:** Auctioned on November 30, 2025, with a tenor of 1 day and maturity date of December 1, 2025. Amount is ₹307.00 Crore, with a current rate of 5.75%. * **SDF:** Auctioned on November 30, 2025, with a tenor of 1 day and maturity date of December 1, 2025. Amount is ₹1,35,576.00 Crore, with a current rate of 5.25%. * **Net liquidity injected from today's operations:** ₹-1,35,269.00 Crore (absorption). * **RBI Operations (Outstanding Operations):** * **MSF:** Auctioned on November 29, 2025, with a tenor of 2 days and maturity date of December 1, 2025. Amount is ₹29.00 Crore, with a current rate of 5.75%. Auctioned on November 28, 2025, with a tenor of 3 days and maturity date of December 1, 2025. Amount is ₹1,750.00 Crore, with a current rate of 5.75%. * **SDF:** Auctioned on November 29, 2025, with a tenor of 2 days and maturity date of December 1, 2025. Amount is ₹17,770.00 Crore, with a current rate of 5.25%. Auctioned on November 28, 2025, with a tenor of 3 days and maturity date of December 1, 2025. Amount is ₹3,806.00 Crore, with a current rate of 5.25%. * **Standing Liquidity Facility (SLF) Availed from RBI:** ₹9,637.36 Crore. * **Net liquidity injected from outstanding operations:** ₹-10,159.64 Crore (absorption). * **Net liquidity injected (outstanding including today's operations):** ₹-1,45,428.64 Crore (absorption). * **Reserve Position (as of November 30, 2025):** * **Cash Reserves Position of Scheduled Commercial Banks:** Cash balances with RBI as on November 30, 2025 is ₹8,32,086.02 Crore. * **Average daily cash reserve requirement:** ₹7,39,862.00 Crore for the fortnight ending December 12, 2025. * **Government of India Surplus Cash Balance Reckoned for Auction:** ₹0.00 Crore as on November 28, 2025. * **Net durable liquidity:** ₹3,61,346.00 Crore as on November 14, 2025. **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Banks are affected by the RBI's money market operations, liquidity management, and reserve requirements, influencing their funding costs and lending capacity. * **Action Required:** Banks must adhere to the stipulated reserve requirements and manage their liquidity positions in response to the RBI's operations to maintain financial stability. **Financial Institutions** * **Impact:** Other financial institutions participating in the money markets are impacted by the rates and volumes of transactions, affecting their investment and funding strategies. * **Action Required:** These institutions need to monitor the money market trends and adjust their operations accordingly to optimize their returns and manage risks.

Key Entities Referenced