**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 13, 2025, reports on money market operations as of October 12, 2025. It details liquidity adjustment facilities (LAF), marginal standing facilities (MSF), and standing deposit facilities (SDF). Key data includes volumes, weighted average rates, and ranges for various money market segments.
**Key Points / Main Content**
* **Money Markets**
* **Overnight Segment (I+II+III+IV):** Total volume is 0.00.
* **Term Segment:** Total volume is 0.00.
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):** Details on both today’s operations and outstanding operations are provided.
* **Today's Operations (October 12, 2025):**
* Variable Rate Repo: ₹2,367.00 Crore at 5.75%.
* Variable Rate Reverse Repo: ₹1,71,513.00 Crore at 5.25%.
* Net liquidity absorption of ₹-1,69,146.00 Crore
* **Outstanding Operations (Multiple Dates):**
* Variable Rate Repo: ₹37,929.00 Crore at 5.51% (Fri, 10/10/2025).
* Variable Rate MSF: ₹1,175.00 Crore at 5.75% (Fri, 10/10/2025). ₹0.00 Crore at 5.75% (Sat, 11/10/2025).
* Variable Rate SDFA: ₹34,813.00 Crore at 5.25% (Fri, 10/10/2025). ₹518.00 Crore at 5.25% (Sat, 11/10/2025).
* **Standing Liquidity Facility (SLF):** ₹10,213.98 Crore availed from RBI.
* **Net liquidity injected from outstanding operations:** ₹13,986.98 Crore.
* **Net liquidity injected (outstanding including today’s operations):** ₹-1,55,159.02 Crore.
* **Reserve Position of Scheduled Commercial Banks**
* Cash balances with RBI as on October 12, 2025: ₹8,28,076.42 Crore
* Average daily cash reserve requirement for the 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 [surplus (+)/deficit (-)] as on September 19, 2025: ₹5,21,855.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are directly affected by the LAF, MSF, and SDF rates and operations, which influence their liquidity management and borrowing costs. The cash reserve requirements also impact their investable funds.
* **Action Required:** Banks need to monitor these rates and operations to manage their liquidity positions effectively and comply with RBI's reserve requirements.
Key Entities Referenced
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the banking system through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI at a penal interest rate against government securities.
Standing Deposit Facility (SDF): A facility allowing the RBI to absorb excess liquidity from the banks without the need for collateral.
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the monetary and credit system.
Money Markets: Markets for short-term debt instruments, including overnight, term, and repo transactions.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
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 12, 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# Sun, 12/10/2025 1 Mon, 13/10/2025 2,367.00 5.75
4. SDFΔ# Sun, 12/10/2025 1 Mon, 13/10/2025 1,71,513.00 5.25
5. Net liquidity injected from today's
-1,69,146.00
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# Sat, 11/10/2025 2 Mon, 13/10/2025 0.00 5.75
Fri, 10/10/2025 3 Mon, 13/10/2025 1,175.00 5.75
4. SDFΔ# Sat, 11/10/2025 2 Mon, 13/10/2025 518.00 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
13,986.98
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,55,159.02
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 12, 2025 8,28,076.42
(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: 2025-2026/1298 Deputy General Manager
(Communications)