**Executive Summary**
This press release from the Reserve Bank of India, dated October 15, 2025, details the money market operations as of October 14, 2025. It outlines volumes, weighted average rates, and ranges for overnight and term segments, as well as RBI operations. The report also provides information on the cash reserve position of scheduled commercial banks, indicating key liquidity figures and operations.
**Key Points / Main Content**
* **Money Market Operations (October 14, 2025):**
* **Overnight Segment:** Total volume of ₹6,28,725.67 Crore with a weighted average rate of 5.30% (range: 4.85-6.35%). Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:** Includes Notice Money, Term Money, Triparty Repo, Market Repo and Repo in Corporate Bond.
* **RBI Operations (October 14, 2025):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):** Outlines today’s operations and outstanding operations, specifying fixed and variable rates for Repo and Reverse Repo operations.
* MSF and SDFA details specified for the 14th of October with tenor of one day maturing on the 15th of October.
* Net liquidity injected from today's operations is -₹1,37,832.00 Crore.
* **Liquidity Figures:**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹10,213.98 Crore.
* Net liquidity injected from outstanding operations: ₹10,213.98 Crore.
* Net liquidity injected (outstanding including today's operations): -₹1,27,618.02 Crore.
* **Reserve Position:**
* Cash balances with RBI as on October 14, 2025: ₹8,41,714.65 Crore.
* Average daily cash reserve requirement for the fortnight ending October 17, 2025: ₹8,46,979.00 Crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on September 19, 2025: -₹5,21,855.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are affected by the overnight and term money market rates, as well as the availability and cost of funds through LAF, MSF, and SDF. The cash reserve requirements also directly impact their liquidity.
* **Action Required:** Banks need to monitor these rates and liquidity conditions to manage their funding costs and ensure compliance with reserve requirements.
**Reserve Bank of India (RBI)**
* **Impact:** The RBI is responsible for managing liquidity in the money market through various instruments. The press release reflects their actions and the resulting liquidity conditions.
* **Action Required:** The RBI needs to continue monitoring market conditions and adjust its operations to maintain stability and achieve its policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, regulator of the financial system, and key entity involved in the operations described.
Liquidity Adjustment Facility (LAF): A 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 overnight funds from the RBI at a penal interest rate against their government securities.
Standing Deposit Facility (SDF): A facility for banks to deposit surplus liquidity with the RBI, without any collateral requirements.
Money Market Operations: The operations conducted in the money market, including overnight segment, term segment, and various repo transactions.
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 15, 2025
Money Market Operations as on October 14, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,28,725.67 5.30 4.85-6.35
I. Call Money 15,198.66 5.39 4.85-5.50
II. Triparty Repo 4,11,573.75 5.27 5.19-5.37
III. Market Repo 1,98,081.71 5.35 5.00-5.75
IV. Repo in Corporate Bond 3,871.55 5.54 5.45-6.35
B. Term Segment
I. Notice Money** 140.10 5.32 5.00-5.40
II. Term Money@@ 1,350.30 - 5.40-6.05
III. Triparty Repo 3,005.70 5.33 5.20-5.45
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&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF# Tue, 14/10/2025 1 Wed, 15/10/2025 3,164.00 5.75
4. SDFΔ# Tue, 14/10/2025 1 Wed, 15/10/2025 1,40,996.00 5.25
5. Net liquidity injected from today's
-1,37,832.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,213.98
E. Net liquidity injected from outstanding operations [injection
10,213.98
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,27,618.02
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 14, 2025 8,41,714.65
(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 14, 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. 2025-2026/1201 dated September 30, 2025.
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: 2025-2026/1312 Deputy General Manager
(Communications)