**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 13, 2025, provides details of money market operations as of October 11, 2025, and the cash reserve position of scheduled commercial banks. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). It also gives values for cash balances and government surplus cash.
**Key Points / Main Content**
* **Money Market Operations (October 11, 2025):**
* Overnight and term segments had zero volume for call money, triparty repo, market repo, and repo in corporate bonds.
* **RBI Operations (Today's Operations):**
* **Fixed Rate:** No fixed-rate transactions reported.
* **Variable Rate:**
* **Main Operations (Reverse Repo):** ₹1,780.00 Crore (5.75%)
* **Fine Tuning Operations (Reverse Repo):** ₹1,64,755.00 Crore (5.25%)
* **MSF:** ₹0.00 Crore (5.75%)
* **SDFA:** ₹518.00 Crore (5.25%)
* Net liquidity absorbed from today's operations was ₹-1,63,493.00 Crore
* **RBI Operations (Outstanding Operations):**
* **Fixed Rate:** No fixed-rate transactions reported.
* **Variable Rate:**
* **Main Operations (Reverse Repo):** ₹37,929.00 Crore (5.51%)
* **MSF:** ₹1,175.00 Crore (5.75%)
* **SDFA:** ₹34,813.00 Crore (5.25%)
* **Standing Liquidity Facility (SLF):**
* Availed from RBI: ₹10,213.98 Crore.
* **Net Liquidity:**
* Net liquidity injected from outstanding operations: ₹14,439.98 Crore.
* Net liquidity injected (outstanding including today's operations): ₹-1,49,053.02 Crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI (October 11, 2025): ₹8,34,337.35 Crore.
* Average daily cash reserve requirement (fortnight ending October 17, 2025): ₹8,46,979.00 Crore.
* Government of India surplus cash balance reckoned for auction as on October 10, 2025: ₹37,929.00 Crore
* Net durable liquidity as on September 19, 2025: ₹5,21,855.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact**
* Banks need to maintain required cash reserves with the RBI, as this impacts their lending capacity.
* **Action Required**
* Monitor the results of RBI's liquidity operations (LAF, MSF, SDF) to manage their short-term funding and liquidity positions.
* Maintain average daily cash reserve requirement for the fortnight ending October 17, 2025.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, which conducts monetary policy and manages liquidity in the financial system.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage short-term liquidity in the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which banks can borrow overnight from the RBI at a penal interest rate against their government securities portfolio.
Standing Deposit Facility (SDF): A facility allowing the RBI to absorb excess liquidity from the banking system without any collateral.
Money Market: Market for short-term debt instruments, including overnight segment (call money, triparty repo, market repo, repo in corporate bond) and term segment (notice money, term money, triparty repo, market repo, repo in corporate bond).
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 13, 2025
Money Market Operations as on October 11, 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# Sat, 11/10/2025 1 Sun, 12/10/2025 1,780.00 5.75
Sat, 11/10/2025 2 Mon, 13/10/2025 0.00 5.75
4. SDFΔ# Sat, 11/10/2025 1 Sun, 12/10/2025 1,64,755.00 5.25
Sat, 11/10/2025 2 Mon, 13/10/2025 518.00 5.25
5. Net liquidity injected from today's
-1,63,493.00
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 Fri, 10/10/2025 3 Mon, 13/10/2025 37,929.00 5.51
(b) Reverse Repo
3. MSF# Fri, 10/10/2025 2 Sun, 12/10/2025 0.00 5.75
Fri, 10/10/2025 3 Mon, 13/10/2025 1,175.00 5.75
4. SDFΔ# Fri, 10/10/2025 2 Sun, 12/10/2025 65.00 5.25
Fri, 10/10/2025 3 Mon, 13/10/2025 34,813.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,213.98
E. Net liquidity injected from outstanding operations [injection
14,439.98
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,49,053.02
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 11, 2025 8,34,337.35
(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 10, 2025 37,929.00
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: 2025-2026/1297 Deputy General Manager
(Communications)