**Executive Summary**
This press release by the Reserve Bank of India (RBI), dated October 20, 2025, provides details on money market operations and the cash reserve position of scheduled commercial banks as of October 19, 2025. It outlines volumes, weighted average rates, and ranges for various money market segments, as well as the amounts for different RBI operations. The release also mentions the cash balances with RBI as on October 19, 2025, and the average daily cash reserve requirement for the fortnight ending October 31, 2025.
**Key Points / Main Content**
* **Money Market Operations (as of October 19, 2025):**
* **Overnight Segment:** Volumes for Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond are all 0.00.
* **Term Segment:** Volumes for Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond are all 0.00.
* **RBI Operations:**
* **Today's Operations (October 19, 2025):**
* Reverse Repo Operation: ₹5,942.00 Crore at 5.75%.
* MSF: ₹61,891.00 Crore at 5.25%.
* Net liquidity injected from today's operations: -₹55,949.00 Crore.
* **Outstanding Operations:**
* Reverse Repo Operation: ₹2,750.00 Crore at 5.51% (dated Fri, 17/10/2025, maturing Mon, 20/10/2025).
* MSF: ₹450.00 Crore at 5.75% (dated Sat, 18/10/2025, maturing Mon, 20/10/2025) and ₹540.00 Crore at 5.75% (dated Fri, 17/10/2025, maturing Mon, 20/10/2025)
* SDF: ₹3,008.00 Crore at 5.25% (dated Sat, 18/10/2025, maturing Mon, 20/10/2025) and ₹2,287.00 Crore at 5.25% (dated Fri, 17/10/2025, maturing Mon, 20/10/2025).
* Net liquidity injected from outstanding operations: ₹9,502.79 Crore.
* Net liquidity injected (outstanding including today's operations): -₹46,446.21 Crore.
* **Standing Liquidity Facility (SLF):**
* Availed from RBI: ₹11,057.79 Crore.
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI as on October 19, 2025: ₹8,66,123.95 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:** As on October 03, 2025, surplus (+)/deficit (-) is ₹3,85,602.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to be aware of the liquidity positions, rates, and volumes in various money market segments to manage their funds effectively. They also need to adhere to the cash reserve requirements set by the RBI.
* **Action Required:** Monitor and adjust their liquidity management strategies in accordance with the RBI's operations and the prevailing market conditions. Ensure compliance with the cash reserve requirements.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for monetary policy and regulation of the banking system, as the source and regulator of the operations described.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the money market through repo and reverse repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the RBI against their SLR holdings.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb 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 19, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 0.00 - -
I. Call Money 0.00 - -
II. Triparty Repo 0.00 - -
III. Market Repo 0.00 - -
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
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# Sun, 19/10/2025 1 Mon, 20/10/2025 5,942.00 5.75
4. SDFΔ# Sun, 19/10/2025 1 Mon, 20/10/2025 61,891.00 5.25
5. Net liquidity injected from today's
-55,949.00
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# Sat, 18/10/2025 2 Mon, 20/10/2025 450.00 5.75
Fri, 17/10/2025 3 Mon, 20/10/2025 540.00 5.75
4. SDFΔ# Sat, 18/10/2025 2 Mon, 20/10/2025 3,008.00 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
9,502.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-46,446.21
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 19, 2025 8,66,123.95
(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: 2025-2026/1348 Deputy General Manager
(Communications)