**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI) detailing the money market operations as of October 27, 2025. It provides data on various market segments, RBI operations, and reserve positions of scheduled commercial banks. The data includes volumes, weighted average rates, and ranges for different money market instruments and liquidity management tools.
**Key Points / Main Content**
* **Money Markets (October 27, 2025)**
* **Overnight Segment:** Total volume of ₹6,62,548.17 crore with a weighted average rate of 5.52% (range: 4.85-6.60%). Includes call money, triparty repo, market repo, and repo in corporate bonds.
* **Term Segment:** Total volume of ₹1,244.97 crore. Includes notice money, term money, triparty repo, market repo and repo in corporate bonds.
* **RBI Operations**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* Repo Operation: ₹1,01,810.00 crore (Rate 5.51%)
* MSF: ₹3,040.00 crore (Rate 5.75%)
* SDFA: ₹95,046.00 crore (Rate 5.25%)
* **Net Liquidity Injected:**
* Today's operations: ₹9,804.00 crore.
* Outstanding operations: ₹11,057.79 crore.
* Total (outstanding including today's): ₹20,861.79 crore.
* **Reserve Position of Scheduled Commercial Banks**
* Cash balances with RBI (October 27, 2025): ₹8,73,710.53 crore.
* Average daily cash reserve requirement (fortnight ending October 31, 2025): ₹8,64,207.00 crore.
* Government of India Surplus Cash Balance Reckoned for Auction (October 27, 2025): ₹1,01,810.00 crore.
* Net durable liquidity (October 03, 2025): ₹3,85,602.00 crore.
**Impact Analysis**
**Stakeholder:** Scheduled Commercial Banks
* **Impact:** Banks are affected by the liquidity conditions and interest rates set by the RBI, which influence their lending and borrowing activities. They also need to maintain required cash reserves with the RBI.
* **Action Required:** Banks need to monitor the money market rates and liquidity conditions to manage their funds effectively. They must also comply with the cash reserve requirements set by the RBI.
**Stakeholder:** Financial Institutions and Market Participants
* **Impact:** Institutions are directly affected by rates in the money markets
* **Action Required:** Institutions need to monitor the money market rates and liquidity conditions to manage their funds effectively.
**Stakeholder:** Government of India
* **Impact:** Government cash balance
* **Action Required:** Monitor and respond to changes in the cash balance.
**Stakeholder:** RBI
* **Impact:** Responsible for managing money market operations.
* **Action Required:** Monitor money market operations and make appropriate intervention decisions.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for monetary policy and regulating the banking system; a key entity in money market operations and liquidity management.
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 government securities portfolio.
Standing Deposit Facility (SDF): A tool used by the RBI to absorb liquidity from the banking system without any collateral.
Money Market Operations: The buying and selling of short-term debt instruments. The report details volumes, weighted average rates, and ranges for overnight and term segments, including call money, triparty repo, market repo, and repo in corporate bonds.
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 28, 2025
Money Market Operations as on October 27, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,62,548.17 5.52 4.85-6.60
I. Call Money 16,781.31 5.59 4.85-5.75
II. Triparty Repo 4,50,356.85 5.50 5.10-5.56
III. Market Repo 1,91,781.46 5.56 5.00-6.00
IV. Repo in Corporate Bond 3,628.55 5.76 5.60-6.60
B. Term Segment
I. Notice Money** 77.97 5.29 5.10-5.40
II. Term Money@@ 567.00 - 5.50-5.85
III. Triparty Repo 610.00 5.48 5.30-5.55
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 Mon, 27/10/2025 1 Tue, 28/10/2025 1,00,022.00 5.51
Mon, 27/10/2025 1 Tue, 28/10/2025 1,788.00 5.51
(b) Reverse Repo Operation
3. MSF# Mon, 27/10/2025 1 Tue, 28/10/2025 3,040.00 5.75
4. SDFΔ# Mon, 27/10/2025 1 Tue, 28/10/2025 95,046.00 5.25
5. Net liquidity injected from today's
9,804.00
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
20,861.79
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 27, 2025 8,73,710.53
(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 27, 2025 1,01,810.00
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: 2025-2026/1396 Deputy General Manager
(Communications)