**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 03, 2025, reports on money market operations as of October 01, 2025. It details volumes, weighted average rates, and ranges for various money market segments, as well as operations under the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release also provides information on the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations (October 01, 2025):**
* **Overnight Segment:** Total volume of ₹6,57,469.95 Crore with a weighted average rate of 5.30% (range: 3.05-6.40%).
* **Term Segment:** Includes Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **RBI Operations - Today's Operations (October 01, 2025):**
* **Variable Rate Repo:** ₹7,370.00 Crore at 5.51% (2-day tenor).
* **MSF:** ₹94.00 Crore (1-day tenor) and ₹557.00 Crore (2-day tenor) at 5.75%.
* **SDFA:** ₹1,71,010.00 Crore (1-day tenor) and ₹13,667.00 Crore (2-day tenor) at 5.25%.
* **Net Liquidity Injection:** ₹-1,76,656.00 Crore (absorption).
* **RBI Operations - Outstanding Operations:**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹10,375.31 Crore.
* Net liquidity injected from outstanding operations: ₹10,375.31 Crore.
* Net liquidity injected (outstanding including today's operations): ₹-1,66,280.69 Crore.
* **Reserve Position:**
* Cash balances with RBI (Oct 01, 2025): ₹9,22,190.27 Crore.
* Average daily cash reserve requirement (fortnight ending Oct 03, 2025): ₹9,13,308.00 Crore.
* Government of India Surplus Cash Balance (Oct 01, 2025): ₹7,370.00 Crore.
* Net durable liquidity (Sept 05, 2025): ₹4,66,312.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to be aware of the overnight and term segment rates, liquidity adjustments, and reserve requirements.
* **Action Required:** Monitor and manage their cash reserves in accordance with the reported figures to comply with RBI's regulations and optimize liquidity.
Key Entities Referenced
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India to manage liquidity in the money market by injecting or absorbing funds.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the Reserve Bank of India against their government securities portfolio.
Standing Deposit Facility (SDF): A tool that allows the Reserve Bank of India to absorb liquidity from the banking system without any collateral.
Reserve Bank of India (RBI): The central bank of India, responsible for monetary policy and regulation of the banking system.
Money Markets: A segment of the financial market dealing with short-term debt instruments, including call money, repo, and corporate bonds.
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
October 03, 2025
Money Market Operations as on October 01, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,57,469.95 5.30 3.05-6.40
I. Call Money 14,843.86 5.37 4.75-5.45
II. Triparty Repo 4,20,153.50 5.29 5.15-5.40
III. Market Repo 2,18,614.04 5.32 3.05-5.65
IV. Repo in Corporate Bond 3,858.55 5.52 5.45-6.40
B. Term Segment
I. Notice Money** 69.00 5.33 5.20-5.35
II. Term Money@@ 1,714.00 - 5.40-5.85
III. Triparty Repo 6,274.05 5.39 5.25-5.60
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&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo Wed, 01/10/2025 2 Fri, 03/10/2025 7,370.00 5.51
(b) Reverse Repo
3. MSF# Wed, 01/10/2025 1 Thu, 02/10/2025 94.00 5.75
Wed, 01/10/2025 2 Fri, 03/10/2025 557.00 5.75
4. SDFΔ# Wed, 01/10/2025 1 Thu, 02/10/2025 1,71,010.00 5.25
Wed, 01/10/2025 2 Fri, 03/10/2025 13,667.00 5.25
5. Net liquidity injected from today's
-1,76,656.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,375.31
E. Net liquidity injected from outstanding operations [injection
10,375.31
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,66,280.69
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 01, 2025 9,22,190.27
(ii) Average daily cash reserve requirement for the fortnight ending October 03, 2025 9,13,308.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 01, 2025 7,370.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on September 05, 2025 4,66,312.00
@ 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. 2019-2020/1900 dated February 06, 2020.
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: 2025-2026/1229 Deputy General Manager
(Communications)