**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 03, 2025, reports on money market operations and reserve positions as of October 02, 2025. It details overnight and term segment activity, along with the RBI's liquidity operations, including LAF, MSF, and SDF. It also contains the cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets (October 02, 2025):**
* Overnight segment (Call Money, Triparty Repo, Market Repo, Repo in Corporate Bond): Volume at 0.00 for each.
* Term Segment (Notice Money, Term Money, Triparty Repo, Market Repo, Repo in Corporate Bond): Volume at 0.00 for each.
* **RBI Operations:**
* Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):
* MSF: Auction Date: Thu, 02/10/2025, Tenor: 1 day, Maturity Date: Fri, 03/10/2025, Amount: ₹204.00 Crore, Rate: 5.75%
* SDFA: Auction Date: Thu, 02/10/2025, Tenor: 1 day, Maturity Date: Fri, 03/10/2025, Amount: ₹1,81,620.00 Crore, Rate: 5.25%
* Net liquidity injected from today's operations [injection (+)/absorption (-)]*: -₹1,81,416.00 Crore
* Standing Liquidity Facility (SLF) Availed from RBI:
* Auction Date: Wed, 01/10/2025, Tenor: 2 day, Maturity Date: Fri, 03/10/2025, Amount: ₹10,375.31 Crore
* Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]*: -₹1,76,780.69 Crore.
* **Reserve Position:**
* Cash Reserves Position of Scheduled Commercial Banks:
* Cash balances with RBI as on October 02, 2025: ₹9,11,496.62 Crore
* Average daily cash reserve requirement for the fortnight ending October 03, 2025: ₹9,13,308.00 Crore
* Government of India Surplus Cash Balance Reckoned for Auction as on October 01, 2025: ₹7,370.00 Crore
* Net durable liquidity [surplus (+)/deficit (-)] as on September 05, 2025: ₹4,66,312.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Scheduled Commercial Banks are impacted through their cash reserve requirements, which affect their liquidity and lending capacity. The RBI's liquidity operations, such as LAF, MSF, and SDF, influence the banks' borrowing and lending rates and their ability to manage their liquidity.
* **Action Required:** Scheduled Commercial Banks need to monitor and manage their cash reserves to comply with the RBI's requirements. They also need to participate in the RBI's liquidity operations to manage their short-term funding needs.
**Government of India**
* **Impact:** The Government of India is impacted through its surplus cash balance held with the RBI, as these balances are factored into the RBI's liquidity management operations.
* **Action Required:** The Government of India may need to coordinate with the RBI on its cash balance position to facilitate effective liquidity management by the RBI.
Key Entities Referenced
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight from the RBI against their government securities portfolio at a rate higher than the repo rate.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb liquidity from the banking system without any collateral.
RBI Operations: Refers to various activities undertaken by the Reserve Bank of India (RBI) to manage money supply and credit conditions in the economy, including liquidity management and standing facilities.
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the money supply and banking system.
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 02, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 0.00 - -
I. Call Money 0.00 - -
II. Triparty Repo 0.00 - -
III. Market Repo 0.00 - -
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&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF# Thu, 02/10/2025 1 Fri, 03/10/2025 204.00 5.75
4. SDFΔ# Thu, 02/10/2025 1 Fri, 03/10/2025 1,81,620.00 5.25
5. Net liquidity injected from today's
-1,81,416.00
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 Wed, 01/10/2025 2 Fri, 03/10/2025 7,370.00 5.51
(b) Reverse Repo
3. MSF# Wed, 01/10/2025 2 Fri, 03/10/2025 557.00 5.75
4. SDFΔ# Wed, 01/10/2025 2 Fri, 03/10/2025 13,667.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,375.31
E. Net liquidity injected from outstanding operations [injection
4,635.31
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,76,780.69
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 02, 2025 9,11,496.62
(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: 2025-2026/1231 Deputy General Manager
(Communications)