## Policy Summary: Reserve Bank of India - Money Market Operations (September 14, 2025)
This press release from the Reserve Bank of India (RBI), dated September 15, 2025, summarizes money market operations as of September 14, 2025.
**Money Markets:** Activity in both the overnight and term segments (Call Money, Triparty Repo, Market Repo, and Repo in Corporate Bonds) was reported as 0.00 Crore.
**Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF), and Standing Deposit Facility (SDF) Operations:**
* **Today's Operations (September 14, 2025):**
* Fixed Rate: MSF absorption of ₹1,176.00 Crore at 5.75%. SDF absorption of ₹1,15,495.00 Crore at 5.25%.
* Net liquidity injected from today's operations: ₹1,14,319.00 Crore absorption.
* **Outstanding Operations:**
* Fixed Rate: Reverse Repo of ₹1,50,015.00 Crore at 5.49% (maturity September 15, 2025). MSF of ₹0.00 Crore at 5.75% (maturity September 15, 2025). SDF of ₹0.00 Crore at 5.25% (maturity September 15, 2025). Reverse Repo of ₹10,603.00 Crore at 5.25% (maturity September 15, 2025).
* Net liquidity injected from outstanding operations: ₹1,51,841.10 Crore injection.
* **Net Liquidity Position:**
* Net liquidity injected outstanding including today's operations: ₹2,66,160.10 Crore injection.
**Standing Liquidity Facility (SLF):** Banks availed ₹7,756.90 Crore from RBI.
**Reserve Position:**
* Cash balances of Scheduled Commercial Banks with RBI (September 14, 2025): ₹9,11,278.96 Crore.
* Average daily cash reserve requirement for the fortnight ending September 19, 2025: ₹9,04,057.00 Crore.
**Government of India Surplus Cash Balance:** ₹0.00 Crore as on September 12, 2025 (reckoned for auction).
**Net Durable Liquidity:** Surplus of ₹4,85,401.00 Crore as on August 22, 2025.
**Contact:** Ajit Prasad, Deputy General Manager, Communications. Email: helpdocrbi.org.in, Phone: 022 2266 0502. Website: www.rbi.org.in
Key Entities Referenced
Clearing Corporation of India Limited: An organisation that provides clearing and settlement services for various financial instruments in India.
Ajit Prasad: Deputy General Manager, Communications at Reserve Bank of India.
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Mumbai, Maharashtra: City in India where the Department of Communication, Central Office of the Reserve Bank of India is located.
Liquidity Adjustment Facility: A tool used by the Reserve Bank of India to manage short-term liquidity in the banking system.
Marginal Standing Facility: A facility under which scheduled commercial banks can borrow funds overnight from the Reserve Bank of India.
Standing Deposit Facility: A tool used by the Reserve Bank of India to absorb liquidity from the banking system.
Cash Reserve Ratio: The percentage of a bank's total deposits that it is required to maintain with the 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 15, 2025
Money Market Operations as on September 14, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 0.00 - -
I. Call Money 0.00 - -
II. Triparty Repo 0.00 - -
III. Market Repo 0.00 - -
IV. Repo in Corporate Bond 0.00 - -
B. Term Segment
I. Notice Money** 0.00 - -
II. Term Money@@ 0.00 - -
III. Triparty Repo 0.00 - -
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&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF# Sun, 14/09/2025 1 Mon, 15/09/2025 1,176.00 5.75
4. SDFΔ# Sun, 14/09/2025 1 Mon, 15/09/2025 1,15,495.00 5.25
5. Net liquidity injected from today's
-1,14,319.00
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 Fri, 12/09/2025 3 Mon, 15/09/2025 1,50,015.00 5.49
3. MSF# Sat, 13/09/2025 2 Mon, 15/09/2025 0.00 5.75
Fri, 12/09/2025 3 Mon, 15/09/2025 1,020.00 5.75
4. SDFΔ# Sat, 13/09/2025 2 Mon, 15/09/2025 0.00 5.25
Fri, 12/09/2025 3 Mon, 15/09/2025 10,603.00 5.25
D. Standing Liquidity Facility (SLF) Availed from RBI$ 7,756.90
E. Net liquidity injected from outstanding operations [injection
-1,51,841.10
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's -2,66,160.102
operations) [injection (+)/absorption (-)]*
RESERVE POSITION@
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on September 14, 2025 9,11,278.96
(ii) Average daily cash reserve requirement for the fortnight ending September 19, 2025 9,04,057.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ September 12, 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: 2025-2026/1098 Deputy General Manager
(Communications)