**Executive Summary**
This report, released by the Reserve Bank of India on October 7, 2025, details the money market operations as of October 6, 2025. It covers overnight and term segments, RBI operations, and reserve positions. The report also mentions the dates for cash balance and reserve requirements, as well as the government surplus cash balance.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume of ₹6,59,919.69 crore with a weighted average rate of 5.27% and a range of 4.00-6.35%.
* **Term Segment:** Includes notice money, term money, triparty repo, market repo, and repo in corporate bonds with their respective volumes and rates.
* **RBI Operations (Liquidity Adjustment Facility, Marginal Standing Facility, Standing Deposit Facility):**
* MSF operations on October 6, 2025, at a fixed rate of 5.75% amounting to ₹1,158.00 crore.
* SDF operations on October 6, 2025, at a fixed rate of 5.25% amounting to ₹1,69,737.00 crore.
* Net liquidity injected from today's operations is -₹1,68,579.00 crore.
* Standing Liquidity Facility availed from RBI: ₹9,760.32 crore.
* Net liquidity injected from outstanding operations: ₹9,760.32 crore.
* Net liquidity injected (outstanding including today’s operations): -₹1,58,818.68 crore.
* **Reserve Position:**
* Cash balances with RBI as on October 6, 2025: ₹8,85,174.65 crore.
* Average daily cash reserve requirement for the fortnight ending October 17, 2025: ₹8,46,979.00 crore.
* **Other:**
* Government of India Surplus Cash Balance Reckoned for Auction as on October 6, 2025: ₹0.00 crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on September 19, 2025: ₹5,21,855.00 crore.
**Impact Analysis**
**Stakeholder: Banks and Financial Institutions**
* **Impact**: Banks and financial institutions are directly affected by the money market rates, liquidity conditions, and RBI's monetary policy operations as outlined in the report. The cost of funds, funding availability, and investment decisions are all impacted by the information contained in this report.
* **Action Required**: Banks and financial institutions need to analyze the report to understand the current money market conditions and adjust their liquidity management strategies, lending rates, and investment portfolios accordingly.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact**: The report offers a summary of recent financial activity, allowing the RBI to examine the outcomes of previous operations, and make any adjustments to its strategy.
* **Action Required**: This report serves as a checkpoint for the Reserve Bank of India (RBI), influencing immediate and future decisions regarding financial policy.
**Stakeholder: Government**
* **Impact**: The government monitors money market operations as indicators of financial stability and liquidity conditions, which can affect borrowing costs and fiscal policy.
* **Action Required**: Monitor the report to inform decisions related to debt management and overall economic strategy.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, primary entity responsible for monetary policy.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to manage liquidity in the 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 rate higher than the repo rate.
Standing Deposit Facility (SDF): A tool allowing the RBI to absorb liquidity from the commercial banks without any collateral.
Money Markets: Overall scope of the Press Release
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 07, 2025
Money Market Operations as on October 06, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,59,919.69 5.27 4.00-6.35
I. Call Money 13,757.99 5.35 4.80-5.40
II. Triparty Repo 4,11,245.50 5.24 5.00-5.35
III. Market Repo 2,30,378.65 5.31 4.00-5.90
IV. Repo in Corporate Bond 4,537.55 5.47 5.40-6.35
B. Term Segment
I. Notice Money** 3,198.75 5.32 4.75-5.40
II. Term Money@@ 1,637.50 - 5.35-5.85
III. Triparty Repo 2,390.00 5.28 5.15-5.35
IV. Market Repo 387.85 5.48 5.20-5.50
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# Mon, 06/10/2025 1 Tue, 07/10/2025 1,158.00 5.75
4. SDFΔ# Mon, 06/10/2025 1 Tue, 07/10/2025 1,69,737.00 5.25
5. Net liquidity injected from today's
-1,68,579.00
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$ 9,760.32
E. Net liquidity injected from outstanding operations [injection
9,760.32
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,58,818.68
operations) [injection (+)/absorption (-)]*
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks2
(i) Cash balances with RBI as on October 06, 2025 8,85,174.65
(ii) Average daily cash reserve requirement for the fortnight ending October 17, 2025 8,46,979.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 06, 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: 2025-2026/1254 Deputy General Manager
(Communications)