**Executive Summary**
This report, released by the Reserve Bank of India on October 23, 2025, provides details of money market operations as of October 22, 2025. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The report also outlines the reserve positions of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets**
* Overnight Segment: The volume for call money, triparty repo, market repo, and repo in corporate bond is 0.00.
* Term Segment: The volume for notice money, term money, triparty repo, market repo, and repo in corporate bond is 0.00.
* **RBI Operations**
* Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):
* Today’s Operations: Net liquidity injected from today's operations is -1,19,335.00 Crore.
* Outstanding Operations: Net liquidity injected from outstanding operations is 1,71,634.79 Crore.
* Standing Liquidity Facility (SLF): Total is 11,057.79 Crore.
* Net Liquidity: The total net liquidity injected (outstanding including today's operations) is 52,299.79 Crore.
* **Reserve Position**
* Cash Reserves of Scheduled Commercial Banks: The cash balance with RBI as on October 22, 2025, is 8,98,991.77 Crore, and the average daily cash reserve requirement for the fortnight ending October 31, 2025, is 8,64,207.00 Crore.
* Government of India Surplus Cash Balance Reckoned for Auction as on October 20, 2025, is 1,63,113.00 Crore.
* Net durable liquidity as on October 03, 2025 is 3,85,602.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to be aware of the current liquidity conditions, reserve requirements, and the rates for various facilities like LAF, MSF, and SDF to manage their funds effectively.
* **Action Required:** Banks need to maintain the required cash reserve ratio and utilize the available facilities optimally based on their liquidity needs and the prevailing rates.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system, issuing this press release about money market operations.
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India to manage liquidity in the banking system.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow funds overnight from the Reserve Bank of India.
Standing Deposit Facility (SDF): A tool used by the Reserve Bank of India for collateral-free absorption of liquidity from banks.
Repo: A money market instrument used for short-term borrowing and lending, frequently used in LAF.
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 23, 2025
Money Market Operations as on October 22, 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# Wed, 22/10/2025 1 Thu, 23/10/2025 85.00 5.75
4. SDFΔ# Wed, 22/10/2025 1 Thu, 23/10/2025 1,19,420.00 5.25
5. Net liquidity injected from today's
-1,19,335.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation Mon, 20/10/2025 3 Thu, 23/10/2025 12,000.00 5.52
Mon, 20/10/2025 4 Fri, 24/10/2025 1,51,113.00 5.51
(b) Reverse Repo Operation
3. MSF# Tue, 21/10/2025 2 Thu, 23/10/2025 350.00 5.75
Mon, 20/10/2025 3 Thu, 23/10/2025 40.00 5.75
4. SDFΔ# Tue, 21/10/2025 2 Thu, 23/10/2025 1,013.00 5.25
Mon, 20/10/2025 3 Thu, 23/10/2025 1,913.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 11,057.79
E. Net liquidity injected from outstanding operations [injection
1,71,634.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
52,299.79
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 22, 2025 8,98,991.77
(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 20, 2025 1,63,113.00
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: 2025-2026/1362 Deputy General Manager
(Communications)