**Executive Summary**
This press release from the Reserve Bank of India, dated October 27, 2025, provides details on money market operations as of October 25, 2025. It outlines the volumes, weighted average rates, and ranges for various money market segments, as well as RBI operations, including Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). It also contains the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Market Operations (October 25, 2025):**
* **Overnight Segment (Call Money, Triparty Repo, Market Repo, Repo in Corporate Bond):** Volume is 0.00 for all categories.
* **Term Segment (Notice Money, Term Money, Triparty Repo, Market Repo, Repo in Corporate Bond):** Volume is 0.00 for all categories.
* **RBI Operations:**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* **Today's Operations (October 25, 2025):**
* MSF: Auction on October 25, 2025 (1 and 2 day tenors) at 5.75% cut-off rate.
* SDF: Auction on October 25, 2025 (1 and 2 day tenors) at 5.25% cut-off rate.
* Net liquidity injected from today's operations: -64,574.00 Crore (absorption).
* **Outstanding Operations:**
* Repo Operation: Auction on October 24, 2025 (3 day tenor) at 5.51%.
* MSF: Auction on October 24, 2025 (2 and 3 day tenors) at 5.75%
* SDF: Auction on October 24, 2025 (2 and 3 day tenors) at 5.25%
* Standing Liquidity Facility (SLF) Availed from RBI: 11,057.79 Crore
* Net liquidity injected from outstanding operations: 37,838.79 Crore
* Net liquidity injected (outstanding including today's operations): -26,735.21 Crore
* **Reserve Position:**
* Cash Reserves Position of Scheduled Commercial Banks
* Cash balances with RBI as on October 25, 2025: 8,33,683.43 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 24, 2025: 30,750.00 Crore
* Net durable liquidity as on October 03, 2025: 3,85,602.00 Crore
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by changes in liquidity conditions, reserve requirements, and available facilities like MSF and SDF.
* **Action Required:** Monitor liquidity positions, manage cash reserves to meet requirements, and participate in LAF, MSF, and SDF operations as needed.
**Government of India**
* **Impact:** Impacted by surplus cash balances reckoned for auction
* **Action Required:** No Action specified
**Financial Markets**
* **Impact:** Provides transparency on the RBI's monetary policy implementation and liquidity management, influencing market rates and expectations.
* **Action Required:** Analyze the data to understand liquidity trends and adjust trading strategies accordingly.
Key Entities Referenced
Reserve Bank of India: Central bank of India, primary regulator and issuer of this press release.
Liquidity Adjustment Facility (LAF): Monetary policy instrument used by RBI to manage liquidity.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight from the RBI.
Standing Deposit Facility (SDF): A monetary policy tool that allows the RBI to absorb excess liquidity from the banks without any collateral.
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 27, 2025
Money Market Operations as on October 25, 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# Sat, 25/10/2025 1 Sun, 26/10/2025 13,979.00 5.75
Sat, 25/10/2025 2 Mon, 27/10/2025 325.00 5.75
4. SDFΔ# Sat, 25/10/2025 1 Sun, 26/10/2025 78,760.00 5.25
Sat, 25/10/2025 2 Mon, 27/10/2025 118.00 5.25
5. Net liquidity injected from today's
-64,574.00
operations [injection (+)/absorption (-)]*
II Outstanding 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 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 2 Sun, 26/10/2025 65.00 5.25
Fri, 24/10/2025 3 Mon, 27/10/2025 4,327.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 11,057.79
E. Net liquidity injected from outstanding operations [injection
37,838.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-26,735.21
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 25, 2025 8,33,683.43
(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: 2025-2026/1383 Deputy General Manager
(Communications)