**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI) regarding money market operations as of October 27, 2025. It details the volumes, weighted average rates, and ranges for various money market segments and RBI operations, including the Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF). The release also provides data on the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
* **Money Markets:**
* **Overnight Segment:** Total volume of ₹6,62,548.17 crore with a weighted average rate of 5.52% and a range of 4.85-6.60%. This includes Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
* **Term Segment:** Volume of ₹77.97 crore in Notice Money and ₹567.00 in Term Money.
* **RBI Operations (October 27, 2025):**
* **Variable Rate Repo Operation:** ₹1,00,022.00 crore and ₹1,788.00 with a rate of 5.51%, maturing on October 28, 2025.
* **MSF:** ₹3,040.00 crore at 5.75%, maturing on October 28, 2025.
* **SDFA:** ₹95,046.00 crore at 5.25%, maturing on October 28, 2025.
* **Net Liquidity Injected:** ₹9,804.00 crore from today's operations.
* **Outstanding Operations:**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹11,057.79 crore.
* Net liquidity injected from outstanding operations: ₹11,057.79 crore.
* Net liquidity injected (outstanding including today’s operations): ₹20,861.79 crore.
* **Reserve Position:**
* Cash balances with RBI as of October 27, 2025: ₹8,73,710.53 crore.
* Average daily cash reserve requirement for the fortnight ending October 31, 2025: ₹8,64,207.00 crore.
* Government of India Surplus Cash Balance as of October 27, 2025: ₹1,01,810.00 crore.
* Net durable liquidity as of October 03, 2025: ₹3,85,602.00 crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks need to manage their cash reserves to meet the required levels, as indicated by the cash reserve position data. The liquidity measures and rates impact their borrowing and lending costs.
* **Action Required:** Monitor the announced rates and liquidity conditions to optimize their treasury operations and manage their reserve requirements effectively.
**Government of India**
* **Impact:** The surplus cash balance and overall liquidity in the market can affect the government's borrowing costs and fiscal operations.
* **Action Required:** Monitor the liquidity conditions and coordinate with RBI on debt management strategies.
**Financial Institutions / Market Participants**
* **Impact:** All participants in the money market are impacted by the rates and liquidity conditions.
* **Action Required:** Need to take these rates into account when setting their own rates.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India, responsible for monetary policy and regulating the banking system, the primary subject of the 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 funds overnight from the RBI against their government securities portfolio.
Standing Deposit Facility (SDF): A tool that allows the RBI to absorb liquidity from the banking system without any collateral.
Money Market: The market for short-term debt instruments, where the RBI conducts operations.
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)