Money Market Operations as on October 15, 2025

**Executive Summary** This document is a press release from the Reserve Bank of India (RBI), dated October 16, 2025, providing details of money market operations as of October 15, 2025. It covers overnight and term segment transactions, RBI operations including liquidity adjustment facilities, and the reserve position of scheduled commercial banks. The release also details amounts and rates for various financial instruments and facilities. **Key Points / Main Content** * **Money Markets (October 15, 2025):** * **Overnight Segment:** Total volume of ₹6,44,147.31 crore with a weighted average rate of 5.33% (range: 4.50-5.90%). * **Term Segment:** Transactions in notice money, term money, triparty repo, and market repo. Notice money volume was ₹69.25 crore with an average rate of 5.24% (range: 5.00-5.35%). * **RBI Operations:** * **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations (Wed, 15/10/2025):** * Repo Operation: ₹16,285.00 crore, tenor of 2 days, maturity date Fri, 17/10/2025, rate of 5.49%. * Reverse Repo Operation: ₹2,357.00 crore, tenor of 1 day, maturity date Thu, 16/10/2025, rate of 5.75%. * MSF: ₹1,26,237.00 crore, tenor of 1 day, maturity date Thu, 16/10/2025, rate of 5.25%. * Net liquidity injected from today's operations [injection (+)/absorption (-)]*: -₹1,40,165.00 crore. * **Outstanding Operations:** No Fixed Rate or Variable Rate Repo Operations, MSF or SDFA. * **Standing Liquidity Facility (SLF) Availed from RBI:** ₹9,973.98 crore. * **Net liquidity injected from outstanding operations [injection (+)/absorption (-)]:** ₹9,973.98 crore. * **Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]:** -₹1,30,191.02 crore. * **Reserve Position (as of October 15, 2025):** * **Cash Reserves Position of Scheduled Commercial Banks:** Cash balances with RBI: ₹8,41,341.96 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 (October 15, 2025):** ₹0.00 crore. * **Net durable liquidity surplus (+)/deficit (-) (September 19, 2025):** ₹5,21,855.00 crore. **Impact Analysis** **Scheduled Commercial Banks** * **Impact:** Affected by changes in reserve requirements and available liquidity through various RBI facilities (LAF, MSF, SDF, SLF). * **Action Required:** Maintain required cash reserve balances with the RBI, manage liquidity positions based on RBI operations and market conditions. **Financial Institutions Participating in Money Markets** * **Impact:** Impacted by the rates and volumes of overnight and term money market segments (call money, triparty repo, market repo, etc.) for managing their short-term funding and investments. * **Action Required:** Monitor money market rates and volumes to optimize funding and investment strategies. **Reserve Bank of India (RBI)** * **Impact:** Responsible for managing liquidity in the money market through various instruments and facilities. * **Action Required:** Monitor market conditions, adjust LAF, MSF, SDF operations to maintain financial stability and achieve monetary policy objectives.

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