**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 17, 2025, outlines the money market operations as of October 16, 2025. It details the volume, weighted average rate, and range for various money market segments and RBI operations, including liquidity adjustment facilities. The release also includes cash reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets (October 16, 2025)**
* **Overnight Segment:** Volume: ₹6,57,962.35 Crore, Weighted Average Rate: 5.34%, Range: 4.85-6.60%
* **Term Segment:**
* Notice Money: Volume: ₹66.00 Crore, Weighted Average Rate: 5.27%, Range: 5.05-5.35%
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF) - Today's Operations:**
* Repo Operation: ₹3,956.00 Crore at 5.75%, Maturity Date: October 17, 2025.
* SDF: ₹1,39,276.00 Crore at 5.25%, Maturity Date: October 17, 2025.
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF) - Outstanding Operations:**
* Reverse Repo Operation: ₹16,285.00 Crore at 5.49%, Maturity Date: October 17, 2025.
* **Standing Liquidity Facility (SLF) Availed from RBI:** ₹10,472.30 Crore.
* **Net Liquidity:**
* Injected from today's operations: -₹1,35,320.00 Crore
* Injected from outstanding operations: -₹5,812.70 Crore
* Injected (outstanding including today's operations): -₹1,41,132.70 Crore
* **Reserve Position (Cash Reserves Position of Scheduled Commercial Banks):**
* Cash Balances with RBI (October 16, 2025): ₹8,16,177.70 Crore.
* Average Daily Cash Reserve Requirement (Fortnight Ending October 17, 2025): ₹8,46,979.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are subject to regulations related to cash reserve requirements and liquidity management as per the LAF, MSF, and SDF operations.
* **Action Required:** Banks must maintain the required cash reserve balances with RBI and manage their liquidity positions based on the terms and conditions outlined in the release.
**Financial Institutions Participating in Money Markets**
* **Impact:** These institutions are affected by the rates and volumes in the money market segments and RBI operations, which influence their short-term funding and investment decisions.
* **Action Required:** They need to monitor the market trends, rates, and available liquidity to effectively manage their funds and participate in the money market operations.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, overseeing monetary policy and banking regulation; the primary actor in the reported money market operations.
Liquidity Adjustment Facility (LAF): A monetary policy instrument used by the RBI to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI against their government securities portfolio.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb excess liquidity from the banking system without any collateral.
Money Market: The market for short-term debt instruments, including call money, triparty repo, and other instruments detailed in the report.
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)