**Executive Summary**
This press release from the Reserve Bank of India, dated October 17, 2025, provides details on money market operations as of October 16, 2025. It covers overnight and term segment transactions, RBI operations like LAF and MSF, and the cash reserve position of scheduled commercial banks. The release also specifies liquidity injections and absorption figures.
**Key Points / Main Content**
*Money Market Operations (October 16, 2025)*
* **Overnight Segment:**
* Total volume: ₹6,57,962.35 Crore, Weighted average rate: 5.34%, Range: 4.85-6.60%.
* 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*
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) - Today's Operations:**
* Repo Operation: ₹3,956.00 Crore at 5.75%, maturing on Fri, 17/10/2025.
* SDFA: ₹1,39,276.00 Crore at 5.25%, maturing on Fri, 17/10/2025.
* Net liquidity injected: ₹-1,35,320.00 Crore.
* **Outstanding Operations:**
* Reverse Repo Operation: ₹16,285.00 Crore at 5.49%, maturing on Fri, 17/10/2025 from Wed, 15/10/2025.
* **Standing Liquidity Facility (SLF):**
* ₹10,472.30 Crore availed from RBI.
* **Net Liquidity Injected:**
* ₹-5,812.70 Crore from outstanding operations.
* ₹-1,41,132.70 Crore including today's operations.
*Reserve Position (Scheduled Commercial Banks)*
* Cash balances with RBI as on October 16, 2025: ₹8,16,177.70 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 16, 2025: ₹0.00 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 liquidity conditions, reserve requirements, and the availability of LAF, MSF, and SLF. The cost of funds and the ability to manage liquidity positions are directly impacted.
*Action Required:*
* Banks need to ensure they comply with the reserve requirements and manage their liquidity positions based on the provided data and the prevailing market conditions.
**RBI**
*Impact:*
* RBI monitors and manages the liquidity in the money market through various operations.
*Action Required:*
* RBI needs to assess the impact of these operations on overall monetary policy and market stability and to ensure that their future actions are aligned with their objectives.
Key Entities Referenced
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India 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 Reserve Bank of India at a rate higher than the repo rate.
Standing Deposit Facility (SDF): A facility that allows the Reserve Bank of India to absorb liquidity from the banking system without any collateral.
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the money supply and credit system of the country.
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 17, 2025
Money Market Operations as on October 16, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,57,962.35 5.34 4.85-6.60
I. Call Money 17,803.74 5.40 4.85-6.10
II. Triparty Repo 4,36,269.35 5.32 5.11-5.42
III. Market Repo 2,00,957.71 5.39 4.95-5.90
IV. Repo in Corporate Bond 2,931.55 5.62 5.50-6.60
B. Term Segment
I. Notice Money** 66.00 5.27 5.05-5.35
II. Term Money@@ 382.00 - 5.40-6.05
III. Triparty Repo 2,210.00 5.45 5.20-5.51
IV. Market Repo 1,134.42 5.58 5.50-5.65
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# Thu, 16/10/2025 1 Fri, 17/10/2025 3,956.00 5.75
4. SDFΔ# Thu, 16/10/2025 1 Fri, 17/10/2025 1,39,276.00 5.25
5. Net liquidity injected from today's
-1,35,320.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation Wed, 15/10/2025 2 Fri, 17/10/2025 16,285.00 5.49
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,472.30
E. Net liquidity injected from outstanding operations [injection
-5,812.70
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,41,132.70
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 16, 2025 8,16,177.70
(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 16, 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: 2025-2026/1333 Deputy General Manager
(Communications)