**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 27, 2025, provides details on money market operations and the cash reserve position of scheduled commercial banks as of October 24, 2025. It includes data on overnight and term segments, RBI operations (LAF, MSF, SDF), and outstanding liquidity. The release also mentions upcoming dates related to cash reserve requirements.
**Key Points / Main Content**
* **Money Market Operations (October 24, 2025)**
* **Overnight Segment:** Total volume of ₹6,58,514.11 crore with a weighted average rate of 5.52% (range: 4.85-6.50%).
* **Term Segment:** Includes data on 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 on fixed and variable rate operations including repo, reverse repo, MSF, and SDFA with corresponding auction dates, tenor, maturity dates, amounts, and current rates/cut-off rates for Today's Operations (October 24, 2025).
* A 3-day Repo Operation had an amount of ₹30,750.00 crore at a rate of 5.51%.
* A 1-day MSF was ₹6,603.00 crore at a rate of 5.75%.
* Net liquidity injected from today's operations [injection (+)/absorption (-)] was -₹42,123.00 crore.
* **Outstanding Operations:** Summary of outstanding operations.
* **Standing Liquidity Facility (SLF) Availed from RBI:** Amount is ₹11,057.79 crore.
* **Net Liquidity:** Net liquidity injected from outstanding operations is ₹11,057.79 crore.
* **Overall Net Liquidity:** Overall net liquidity injected (outstanding including today's operations) is -₹31,065.21 crore.
* **Cash Reserves Position**
* **Cash Balances with RBI:** ₹8,29,657.19 crore as of October 24, 2025.
* **Average Daily Cash Reserve Requirement:** ₹8,64,207.00 crore for the fortnight ending October 31, 2025.
* **Government of India Surplus Cash Balance:** ₹30,750.00 crore as of October 24, 2025.
* **Net Durable Liquidity:** ₹3,85,602.00 crore as of October 3, 2025.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by the changes in money market operations and reserve requirements. They also need to take into consideration the information on Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF).
* **Action Required:** Monitor and adjust their liquidity and reserve positions based on the provided data to comply with RBI regulations and manage their operations effectively.
**Government of India**
* **Impact:** The government's surplus cash balance influences liquidity in the market.
* **Action Required:** Monitor the cash position and coordinate with RBI on liquidity management.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the country's monetary policy and financial system.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI 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 additional funds from the RBI overnight against their SLR portfolio.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb excess liquidity from the banking system without any collateral.
Repo Operation: An agreement where the RBI purchases securities from banks with an agreement for the banks to repurchase them at a later date.
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 27, 2025
Money Market Operations as on October 24, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,58,514.11 5.52 4.85-6.50
I. Call Money 18,730.15 5.58 4.85-6.00
II. Triparty Repo 4,29,330.50 5.52 5.35-5.85
III. Market Repo 2,06,905.91 5.50 5.00-6.00
IV. Repo in Corporate Bond 3,547.55 5.64 5.54-6.50
B. Term Segment
I. Notice Money** 256.40 5.38 4.95-5.45
II. Term Money@@ 930.00 - 5.40-6.05
III. Triparty Repo 4,535.50 5.70 5.60-5.76
IV. Market Repo 96.66 5.80 5.80-5.80
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 Fri, 24/10/2025 3 Mon, 27/10/2025 30,750.00 5.51
(b) Reverse Repo Operation
3. MSF# Fri, 24/10/2025 1 Sat, 25/10/2025 6,603.00 5.75
Fri, 24/10/2025 2 Sun, 26/10/2025 0.00 5.75
Fri, 24/10/2025 3 Mon, 27/10/2025 423.00 5.75
4. SDFΔ# Fri, 24/10/2025 1 Sat, 25/10/2025 75,507.00 5.25
Fri, 24/10/2025 2 Sun, 26/10/2025 65.00 5.25
Fri, 24/10/2025 3 Mon, 27/10/2025 4,327.00 5.25
5. Net liquidity injected from today's
-42,123.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(a) Repo Operation
(b) Reverse Repo Operation
3. MSF#
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 11,057.79
E. Net liquidity injected from outstanding operations [injection
11,057.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-31,065.21
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 24, 2025 8,29,657.19
(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 24, 2025 30,750.00
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: 2025-2026/1380 Deputy General Manager
(Communications)