**Executive Summary**
This document is a press release from the Reserve Bank of India (RBI), dated November 03, 2025, presenting the money market operations as of October 31, 2025. It details volumes, weighted average rates, and ranges for various money market segments, as well as the RBI's operations related to liquidity adjustment facilities. The report also provides cash reserve positions of scheduled commercial banks as of October 31st.
**Key Points / Main Content**
* **Money Market Operations (as on October 31, 2025):**
* **Overnight Segment:** Total volume of ₹12,914.10 Crore with a weighted average rate of 5.61% (range: 4.75-6.25%). Includes call money, triparty repo, market repo, and repo in corporate bonds.
* **Term Segment:** Total volume of ₹16,820.94 Crore with a weighted average rate of 5.66% (range: 4.85-5.75%). 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) - Today's Operations:** Details fixed and variable rates for repo and reverse repo operations, MSF, and SDFA. Includes auction dates, tenors, maturity dates, amounts, and current rates/cut-off rates. Net liquidity injected from today's operations is ₹-1,34,649.00 Crore.
* **Outstanding Operations:** No information in the document for fixed rate, variable rate or MSF, and SDFA. Net liquidity injected from outstanding operations is ₹1,518.40 Crore.
* **Standing Liquidity Facility (SLF):**
* SLF availed from RBI is ₹1,518.40 Crore.
* **Net Liquidity:**
* Net liquidity injected (outstanding including today's operations) is ₹-1,23,130.60 Crore.
* **Reserve Position:**
* Cash balances with RBI as on October 31, 2025: ₹8,49,379.53 Crore.
* Average daily cash reserve requirement for the fortnight ending October 31, 2025: ₹8,64,207.00 Crore.
* Government of India Surplus Cash Balance 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**
**Stakeholder:** Scheduled Commercial Banks
* **Impact:** Banks need to be aware of the current rates, volumes, and ranges in the money market to manage their liquidity positions effectively and comply with reserve requirements.
* **Action Required:** Monitor the money market operations data and adjust their strategies for borrowing, lending, and maintaining cash reserves.
**Stakeholder:** Financial Institutions
* **Impact:** Institutions involved in money market activities (e.g., mutual funds, insurance companies) will be impacted by the reported rates and liquidity conditions.
* **Action Required:** Analyze the data to make informed decisions about investments and funding strategies.
**Stakeholder:** Government
* **Impact:** The Government of India needs to monitor the surplus cash balance available for auction.
* **Action Required:** Nil, based on the provided document.
**Stakeholder:** RBI
* **Impact:** The RBI can assess the effectiveness of its monetary policy instruments and liquidity management operations based on the data.
* **Action Required:** Based on the analysis, the RBI can adjust policy rates and liquidity measures as necessary to achieve its monetary policy objectives.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank, responsible for money market operations and liquidity management.
Liquidity Adjustment Facility (LAF): A tool used by RBI to manage liquidity in the market, involving 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 government securities holdings.
Standing Deposit Facility (SDF): A tool used by RBI to absorb excess liquidity from the banking system.
Money Market Operations: Overview of operations involving 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
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)