**Executive Summary**
This press release from the Reserve Bank of India, dated October 20, 2025, presents the money market operations as on October 18, 2025. It details the volume, weighted average rate, and range for various money market segments, RBI operations, and the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets**
* *Overnight Segment:*
* Total volume: ₹11,321.28 Crore, weighted average rate: 5.48%, range: 4.90-5.90%.
* Includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* *Term Segment:*
* Volume: ₹382.55 Crore, weighted average rate: 4.97%, range: 4.85-5.00%.
* 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):*
* Details operations performed on October 18, 2025, and outstanding operations from October 17, 2025, including amounts, tenor, maturity dates and applicable rates.
* Net liquidity injected from today's operations (injection (+)/absorption (-)): -₹55,844.00 Crore.
* Net liquidity injected from outstanding operations [injection (+)/absorption (-)]: ₹11,985.79 Crore.
* Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]: -₹43,858.21 Crore.
* *Standing Liquidity Facility (SLF) Availed from RBI:* ₹11,057.79 Crore.
* **Reserve Position**
* Cash Reserves Position of Scheduled Commercial Banks as on October 18, 2025: ₹8,68,962.68 Crore.
* Average daily cash reserve requirement for the fortnight ending October 31, 2025: ₹8,64,207.00 Crore.
* Government of India Surplus Cash Balance Reckoned for Auction as on October 17, 2025: ₹2,750.00 Crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on October 03, 2025: ₹3,85,602.00 Crore.
**Impact Analysis**
* **Banks and Financial Institutions**
* *Impact:* Banks are directly impacted through the money market operations and RBI facilities affecting their liquidity. They need to manage their cash reserves and utilize available facilities like LAF, MSF, and SDF.
* *Action Required:* Monitor money market conditions, manage liquidity positions, and participate in RBI operations as needed.
* **Reserve Bank of India (RBI)**
* *Impact:* RBI uses these operations to manage liquidity in the money market and maintain financial stability.
* *Action Required:* Continue to monitor market conditions and adjust operations as needed.
* **Government of India**
* *Impact:* The surplus cash balance of the Government of India affects liquidity in the market.
* *Action Required:* Monitor and coordinate with RBI regarding cash balances.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank responsible for monetary policy and banking regulation in India.
Liquidity Adjustment Facility (LAF): Monetary policy tool used by RBI to inject or absorb liquidity in the banking system.
Marginal Standing Facility (MSF): Facility under which scheduled commercial banks can borrow funds overnight from the RBI.
Standing Deposit Facility (SDF): A tool for absorbing excess liquidity from the banking system.
Money Market: Financial market in which short-term debt instruments are traded.
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 20, 2025
Money Market Operations as on October 18, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 11,321.28 5.48 4.90-5.90
I. Call Money 950.40 5.06 4.90-5.50
II. Triparty Repo 10,249.10 5.52 5.25-5.90
III. Market Repo 121.78 5.15 5.00-5.50
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 382.55 4.97 4.85-5.00
II. Term Money@@ 0.00 - -
III. Triparty Repo 185.00 5.55 5.25-6.00
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&
(a) Repo operation
(b) Reverse Repo operation
3. MSF# Sat, 18/10/2025 1 Sun, 19/10/2025 5,080.00 5.75
Sat, 18/10/2025 2 Mon, 20/10/2025 450.00 5.75
4. SDFΔ# Sat, 18/10/2025 1 Sun, 19/10/2025 58,366.00 5.25
Sat, 18/10/2025 2 Mon, 20/10/2025 3,008.00 5.25
5. Net liquidity injected from today's
-55,844.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo operation Fri, 17/10/2025 3 Mon, 20/10/2025 2,750.00 5.51
(b) Reverse Repo operation
3. MSF# Fri, 17/10/2025 2 Sun, 19/10/2025 0.00 5.75
Fri, 17/10/2025 3 Mon, 20/10/2025 540.00 5.75
4. SDFΔ# Fri, 17/10/2025 2 Sun, 19/10/2025 75.00 5.25
Fri, 17/10/2025 3 Mon, 20/10/2025 2,287.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 11,057.79
E. Net liquidity injected from outstanding operations [injection
11,985.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-43,858.21
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 18, 2025 8,68,962.68
(ii) Average daily cash reserve requirement for the fortnight ending October 31, 2025 8,64,207.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ October 17, 2025 2,750.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on October 03, 2025 3,85,602.00
@ 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: 2025-2026/1347 Deputy General Manager
(Communications)