Executive Summary:
This press release from the Reserve Bank of India (RBI), dated September 09, 2025, provides details on money market operations as of September 05, 2025. It covers overnight and term segments, RBI operations including Liquidity Adjustment Facility (LAF) and Standing Deposit Facility (SDF), standing liquidity facilities, and reserve positions of scheduled commercial banks. The release also details net liquidity injections and cash reserve positions.
Key Points / Main Content:
Money Market Operations (September 05, 2025):
* Overnight Segment: Volume weighted average rate of 5.18% on ₹1,843.95 crore.
* Call Money: 5.00% on ₹92.40 crore.
* Triparty Repo: 5.15% on ₹1,601.55 crore.
* Repo in Corporate Bond: 5.65% on ₹150.00 crore.
* Term Segment:
* Notice Money: 5.33% on ₹24.00 crore.
* Triparty Repo: 5.28% on ₹28,490.65 crore.
* Market Repo: 5.37% on ₹5,775.55 crore.
RBI Operations (September 05, 2025):
* Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), Standing Deposit Facility (SDF)
* Fixed Rate Repo: Varied amounts and tenor with cut off rate of 5.75%.
* SDF: Varied amounts and tenor with cut off rate of 5.25%.
* Net liquidity injected from today's operations: ₹1,45,340.00 crore.
Outstanding Operations:
* Fixed Rate Reverse Repo: ₹1,50,023.00 crore at 5.49%
* Standing Liquidity Facility (SLF) Availed from RBI: ₹7,757.54 crore.
* Net liquidity injected from outstanding operations: ₹1,42,265.46 crore.
* Net liquidity injected outstanding including today's operations: ₹2,87,605.46 crore.
Reserve Position:
* Cash balances with RBI as on September 05, 2025: ₹9,33,923.79 crore.
* Average daily cash reserve requirement for the fortnight ending September 05, 2025: ₹9,63,210.00 crore.
* Government of India Surplus Cash Balance Reckoned for Auction as on September 05, 2025: ₹0.00.
* Net durable liquidity surplus as on August 22, 2025: ₹4,85,401.00 crore.
Impact Analysis:
Scheduled Commercial Banks:
* Impact: Need to maintain required cash reserve balances with the RBI. The data on money market operations and liquidity adjustments informs their treasury operations and liquidity management strategies.
* Action Required: Ensure compliance with Cash Reserve Ratio (CRR) requirements and adjust liquidity management strategies based on the reported rates and volumes in various money market segments and RBI operations.
Money Market Participants:
* Impact: The information on overnight and term segment rates and volumes impacts trading strategies and pricing decisions.
* Action Required: Analyze the trends in rates and volumes to optimize trading and investment decisions in the money market.
Government of India:
* Impact: The surplus cash balance information affects decisions related to government borrowing and expenditure.
* Action Required: Monitor the surplus cash balance to inform decisions on borrowing and expenditure management.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the financial system.
Money Market: A segment of the financial market in which financial instruments with high liquidity and short-term maturities are traded.
Liquidity Adjustment Facility: A tool used by the Reserve Bank of India to manage liquidity in the banking system through repo and reverse repo operations.
Marginal Standing Facility: A facility under which scheduled commercial banks can borrow funds overnight from the Reserve Bank of India at a penal interest rate against their government securities holdings.
Standing Deposit Facility: A tool that allows the Reserve Bank of India to absorb liquidity from the banking system without any collateral.
Mumbai, Maharashtra: The city where the Department of Communication, Central Office of Reserve Bank of India is located.
Clearing Corporation of India Limited: An organization that provides clearing and settlement services for various financial market transactions in India.
Ajit Prasad: Deputy General Manager, Communications at Reserve Bank of India.
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
September 09, 2025
Money Market Operations as on September 05, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 1,843.95 5.18 4.80-6.00
I. Call Money 92.40 5.00 4.90-5.00
II. Triparty Repo 1,601.55 5.15 4.80-6.00
III. Market Repo 0.00 - -
IV. Repo in Corporate Bond 150.00 5.65 5.65-5.65
B. Term Segment
I. Notice Money** 24.00 5.33 5.10-5.60
II. Term Money@@ 0.00 - -
III. Triparty Repo 28,490.65 5.28 5.10-5.55
IV. Market Repo 5,775.55 5.37 3.50-5.75
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&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF# Fri, 05/09/2025 1 Sat, 06/09/2025 3,036.00 5.75
Fri, 05/09/2025 2 Sun, 07/09/2025 0.00 5.75
Fri, 05/09/2025 3 Mon, 08/09/2025 0.00 5.75
Fri, 05/09/2025 4 Tue, 09/09/2025 900.00 5.75
4. SDFΔ# Fri, 05/09/2025 1 Sat, 06/09/2025 1,47,177.00 5.25
Fri, 05/09/2025 2 Sun, 07/09/2025 0.00 5.25
Fri, 05/09/2025 3 Mon, 08/09/2025 385.00 5.25
Fri, 05/09/2025 4 Tue, 09/09/2025 1,714.00 5.25
5. Net liquidity injected from today's
-1,45,340.00
operations [injection (+)/absorption (-)]*
II Outstanding Operations
1. Fixed Rate
2. Variable Rate&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo Thu, 04/09/2025 8 Fri, 12/09/2025 1,50,023.00 5.49
3. MSF#2
4. SDFΔ#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 7,757.54
E. Net liquidity injected from outstanding operations [injection
-1,42,265.46
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-2,87,605.46
operations) [injection (+)/absorption (-)]*
RESERVE POSITION@
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on September 05, 2025 9,33,923.79
(ii) Average daily cash reserve requirement for the fortnight ending September 05, 2025 9,63,210.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ September 05, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on August 22, 2025 4,85,401.00
@ 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. 2019-2020/1900 dated February 06, 2020.
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: 2025-2026/1052 Deputy General Manager
(Communications)