**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 06, 2025, reports on money market operations as of October 03, 2025. It details volumes, weighted average rates, and ranges for overnight and term money markets, as well as RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). It also provides information on cash reserves of scheduled commercial banks and government surplus cash balance.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume is ₹19,509.60 Crore, with a weighted average rate of 5.12% and a range of 4.75-6.30%.
* **Term Segment:** Includes Notice Money (₹17,236.64 Crore), Term Money (₹1,550.00 Crore), Triparty Repo (₹4,23,375.50 Crore), Market Repo (₹2,20,022.60 Crore), and Repo in Corporate Bond (₹0.00 Crore).
* **RBI Operations (October 03, 2025):**
* **MSF:** Variable rate MSF operations with tenors of 1, 2 and 3 days.
* **SDF:** Variable rate SDF operations with tenors of 1, 2 and 3 days.
* **Net Liquidity Injection:** Net liquidity absorption of ₹2,00,110.00 Crore from today's operations.
* **Standing Liquidity Facility (SLF):** ₹10,528.52 Crore availed from RBI.
* **Net Liquidity Injection (Outstanding):** Net liquidity absorption of ₹1,89,581.48 Crore.
* **Reserve Position:**
* **Cash Reserves:** Scheduled Commercial Banks' cash balances with RBI as of October 03, 2025, are ₹8,90,373.78 Crore, with an average daily cash reserve requirement of ₹9,13,308.00 Crore.
* **Government Surplus:** Government of India's surplus cash balance as of October 03, 2025, is ₹0.00 Crore.
* **Net durable liquidity:** Net durable liquidity (surplus/deficit) as on September 19, 2025, is ₹5,21,855.00 Crore.
**Impact Analysis**
**Stakeholder: Scheduled Commercial Banks**
* **Impact:** The report outlines the cash reserve requirements and liquidity positions affecting their operations.
* **Action Required:** Banks need to manage their cash reserves and liquidity in accordance with the specified requirements and consider the implications of RBI's liquidity operations.
**Stakeholder: Government of India**
* **Impact:** The report indicates the Government's surplus cash balance, which is relevant for fiscal management.
* **Action Required:** Monitor and manage government cash balances, taking into account the liquidity conditions reflected in the report.
**Stakeholder: Financial Market Participants**
* **Impact:** The report provides insights into money market rates and volumes, crucial for trading and investment decisions.
* **Action Required:** Analyze money market trends and RBI operations to inform trading and investment strategies.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, overseeing monetary policy and money market operations.
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 funds overnight from the RBI at a penal interest rate against their government securities portfolio.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb excess liquidity from the commercial banks without requiring them to pledge government securities as collateral.
Money Market: Market for short-term debt instruments.
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 06, 2025
Money Market Operations as on October 03, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 19,509.60 5.12 4.75-6.30
I. Call Money 1,752.10 5.16 4.75-5.40
II. Triparty Repo 14,033.95 5.03 4.75-5.45
III. Market Repo 100.00 5.00 5.00-5.00
IV. Repo in Corporate Bond 3,623.55 5.46 5.40-6.30
B. Term Segment
I. Notice Money** 17,236.64 5.38 4.85-5.45
II. Term Money@@ 1,550.00 - 5.40-5.80
III. Triparty Repo 4,23,375.50 5.29 5.15-5.45
IV. Market Repo 2,20,022.60 5.32 4.50-5.54
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# Fri, 03/10/2025 1 Sat, 04/10/2025 612.00 5.75
Fri, 03/10/2025 2 Sun, 05/10/2025 0.00 5.75
Fri, 03/10/2025 3 Mon, 06/10/2025 900.00 5.75
4. SDFΔ# Fri, 03/10/2025 1 Sat, 04/10/2025 1,98,219.00 5.25
Fri, 03/10/2025 2 Sun, 05/10/2025 110.00 5.25
Fri, 03/10/2025 3 Mon, 06/10/2025 3,293.00 5.25
5. Net liquidity injected from today's
-2,00,110.00
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$ 10,528.52
E. Net liquidity injected from outstanding operations [injection
10,528.52
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,89,581.48
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 03, 2025 8,90,373.78
(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 03, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on September 19, 2025 5,21,855.00
@ 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: 2025-2026/1250 Deputy General Manager
(Communications)