**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated October 27, 2025, reports on the money market operations as of October 26, 2025. It includes information on overnight and term segment activity, RBI operations (Liquidity Adjustment Facility, Marginal Standing Facility, and Standing Deposit Facility), and cash reserve positions of scheduled commercial banks. The report covers both today's operations and outstanding operations.
**Key Points / Main Content**
* **Money Market Activity:**
* Overnight segment volume is 0.00 across call money, triparty repo, market repo, and repo in corporate bonds.
* Term segment volume is 0.00 across notice money, term money, triparty repo, market repo, and repo in corporate bonds.
* **RBI Operations (October 26, 2025):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* Variable Rate Repo Operation: ₹16,390.00 crore at 5.75% cut off rate.
* Reverse Repo Operation: ₹82,049.00 crore at 5.25% cut off rate.
* Net liquidity injected from today's operations [injection (+)/absorption (-)]: -₹65,659.00 crore.
* **RBI Outstanding Operations:**
* **Variable Rate:**
* Repo Operation: ₹30,750.00 crore, maturing on October 27, 2025 at 5.51% .
* Reverse Repo Operation: ₹325.00 crore, maturing on October 27, 2025 at 5.75%.
* MSF: ₹423.00 crore, maturing on October 27, 2025 at 5.75%.
* SDF: ₹4,327.00 crore, maturing on October 27, 2025 at 5.25%.
* **Liquidity & Reserve Position:**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹11,557.79 crore.
* Net liquidity injected from outstanding operations [injection (+)/absorption (-)]: ₹38,110.79 crore.
* Net liquidity injected (outstanding including today's operations) [injection (+)/absorption (-)]: -₹27,548.21 crore.
* Cash balances with RBI as on October 26, 2025: ₹8,32,831.76 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 [surplus (+)/deficit (-)] as on October 03, 2025: ₹3,85,602.00 crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by the cash reserve requirements and liquidity conditions reported.
* **Action Required:** Maintain the required cash reserve ratio (CRR) and manage liquidity positions based on the reported data.
**Government of India**
* **Impact:** Monitoring of the surplus cash balance as it affects the auction and overall liquidity in the market.
* **Action Required:** Monitor the liquidity situation and coordinate with RBI on cash management.
**Financial Markets Participants**
* **Impact:** Information is useful to understand the overnight and term segment volumes and RBI's monetary policy.
* **Action Required:** Make decisions regarding borrowing and lending based on information provided in the report.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for monetary policy and regulation of the banking system. Its operations in money markets are the subject of this press release.
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 overnight funds from the RBI at a penal interest rate against government securities.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb liquidity from the banking system without any collateral.
Standing Liquidity Facility (SLF): A facility through which the RBI provides liquidity to banks.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
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 26, 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, 26/10/2025 1 Mon, 27/10/2025 16,390.00 5.75
4. SDFΔ# Sun, 26/10/2025 1 Mon, 27/10/2025 82,049.00 5.25
5. Net liquidity injected from today's
-65,659.00
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# Sat, 25/10/2025 2 Mon, 27/10/2025 325.00 5.75
Fri, 24/10/2025 3 Mon, 27/10/2025 423.00 5.75
4. SDFΔ# Sat, 25/10/2025 2 Mon, 27/10/2025 118.00 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
38,110.79
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-27,548.21
operations) [injection (+)/absorption (-)]*
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 26, 2025 8,32,831.76
(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 3,85,602.002
@ 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: 2025-2026/1384 Deputy General Manager
(Communications)