**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI), dated November 3, 2025, providing details of money market operations as of October 31, 2025. It includes data on overnight and term segments, RBI operations like LAF, MSF, and SDF, as well as the cash reserve position of scheduled commercial banks. The document refers to previous press releases.
**Key Points / Main Content**
* **Money Markets (October 31, 2025):**
* **Overnight Segment:** Total volume ₹12,914.10 Crore; weighted average rate 5.61%, Range 4.75-6.25%.
* Call Money: Volume ₹922.90 Crore; weighted average rate 5.09%, Range 4.75-5.35%.
* Triparty Repo: Volume ₹8,235.50 Crore; weighted average rate 5.66%, Range 5.25-6.25%.
* Market Repo: Volume ₹177.70 Crore; weighted average rate 5.17%, Range 5.15-5.20%.
* Repo in Corporate Bond: Volume ₹3,578.00 Crore; weighted average rate 5.65%, Range 5.60-5.75%.
* **Term Segment:** Total volume ₹16,820.94 Crore; weighted average rate 5.66%, Range 4.85-5.75%.
* Notice Money: Volume ₹1,776.00 Crore, Range 5.45-5.92%.
* Triparty Repo: Volume ₹4,19,921.05 Crore; weighted average rate 5.58%, Range 5.25-5.75%.
* Market Repo: Volume ₹2,03,467.97 Crore; weighted average rate 5.60%, Range 5.00-6.00%.
* Repo in Corporate Bond: Volume ₹0.00 Crore.
* **RBI Operations (Today's Operations):**
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)**
* **MSF:**
* Fri, 31/10/2025 (1 Day): Amount ₹1,439.00 Crore; Rate 5.75%.
* Fri, 31/10/2025 (2 Day): Amount ₹0.00 Crore; Rate 5.75%.
* Fri, 31/10/2025 (3 Day): Amount ₹4,050.00 Crore; Rate 5.75%.
* **SDF:**
* Fri, 31/10/2025 (1 Day): Amount ₹1,38,024.00 Crore; Rate 5.25%.
* Fri, 31/10/2025 (2 Day): Amount ₹0.00 Crore; Rate 5.25%.
* Fri, 31/10/2025 (3 Day): Amount ₹2,114.00 Crore; Rate 5.25%.
* Net liquidity injected from today's operations: ₹-1,34,649.00 Crore (absorption).
* **RBI Operations (Outstanding Operations):**
* Standing Liquidity Facility (SLF) Availed from RBI: ₹1,518.40 Crore.
* Net liquidity injected from outstanding operations: ₹1,518.40 Crore (injection).
* **Overall Liquidity:**
* Net liquidity injected (outstanding including today's operations): ₹-1,23,130.60 Crore (absorption).
* **Reserve Position of Scheduled Commercial Banks:**
* Cash balances with RBI (October 31, 2025): ₹8,49,379.53 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 as on (October 31, 2025): ₹0.00 Crore.
* Net durable liquidity [surplus (+)/deficit (-)] as on (October 17, 2025): ₹3,60,648.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Affected by the cash reserve requirements and liquidity management operations conducted by RBI.
* **Action Required:** Banks need to manage their cash reserves and liquidity positions in accordance with RBI's guidelines and operations.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank of India; primary regulator for money market operations.
Liquidity Adjustment Facility (LAF): A monetary policy tool used by the RBI to manage liquidity in the market. Includes Repo and Reverse Repo operations.
Marginal Standing Facility (MSF): A facility under which scheduled commercial banks can borrow overnight funds from the RBI against their excess SLR portfolio.
Standing Deposit Facility (SDF): A monetary policy tool that allows the RBI to absorb liquidity from the banks without any collateral.
Money Market: Refers to the market for short-term debt instruments.
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
November 03, 2025
Money Market Operations as on October 31, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 12,914.10 5.61 4.75-6.25
I. Call Money 922.90 5.09 4.75-5.35
II. Triparty Repo 8,235.50 5.66 5.25-6.25
III. Market Repo 177.70 5.17 5.15-5.20
IV. Repo in Corporate Bond 3,578.00 5.65 5.60-5.75
B. Term Segment
I. Notice Money** 16,820.94 5.66 4.85-5.75
II. Term Money@@ 1,776.00 - 5.45-5.92
III. Triparty Repo 4,19,921.05 5.58 5.25-5.75
IV. Market Repo 2,03,467.97 5.60 5.00-6.00
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# Fri, 31/10/2025 1 Sat, 01/11/2025 1,439.00 5.75
Fri, 31/10/2025 2 Sun, 02/11/2025 0.00 5.75
Fri, 31/10/2025 3 Mon, 03/11/2025 4,050.00 5.75
4. SDFΔ# Fri, 31/10/2025 1 Sat, 01/11/2025 1,38,024.00 5.25
Fri, 31/10/2025 2 Sun, 02/11/2025 0.00 5.25
Fri, 31/10/2025 3 Mon, 03/11/2025 2,114.00 5.25
5. Net liquidity injected from today's
-1,34,649.00
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$ 11,518.40
E. Net liquidity injected from outstanding operations [injection
11,518.40
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-1,23,130.60
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@ Date Amount
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on October 31, 2025 8,49,379.53
(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 31, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on October 17, 2025 3,60,648.00
@ 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: 2025-2026/1437 Deputy General Manager
(Communications)