**Executive Summary**
This press release from the Reserve Bank of India (RBI), dated September 30, 2025, provides a summary of money market operations as of September 29, 2025. It details the volumes, weighted average rates, and ranges for overnight and term segments, along with information on RBI operations including the Liquidity Adjustment Facility (LAF) and Marginal Standing Facility (MSF). The release also includes data on the cash reserve position of scheduled commercial banks.
**Key Points / Main Content**
*Money Market Operations (as of September 29, 2025):*
* **Overnight Segment:** Volume of ₹ 6,43,715.92 Crore, with a weighted average rate of 5.44% (range: 4.75-6.55%).
* **Term Segment:** Details volumes and rates for Notice Money, Term Money, Triparty Repo, Market Repo, and Repo in Corporate Bond.
*RBI Operations:*
* **Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF):**
* **Today's Operations:** Reverse Repo absorption of ₹ 1,58,209.00 Crore and MSF absorption of ₹ 1,897.00 Crore.
* **Outstanding Operations:** MSF injection of ₹ 90,931.00 Crore.
* **Standing Liquidity Facility (SLF):** ₹ 10,375.31 Crore availed from RBI.
* **Net Liquidity Position:** The Net liquidity injected from outstanding operations is ₹ 1,01,306.31 crore.
*Cash Reserves Position of Scheduled Commercial Banks:*
* Cash balances with RBI as on September 29, 2025: ₹ 9,25,434.00 Crore.
* Average daily cash reserve requirement for the fortnight ending October 03, 2025: ₹ 9,13,308.00 Crore.
**Impact Analysis**
**Scheduled Commercial Banks**
* **Impact:** Banks are directly affected by the outlined money market operations, LAF, MSF, and cash reserve requirements. They should note the volumes, rates, and ranges to make informed decisions regarding their liquidity management and investment strategies. They are impacted by the Net liquidity injected from outstanding operations
* **Action Required:** Banks should adjust their operations in accordance with the money market conditions and RBI policies to ensure compliance with reserve requirements and optimize their liquidity positions.
**Financial Institutions Participating in Money Markets**
* **Impact:** Financial Institutions need to be aware of the outlined money market operations.
* **Action Required:** Financial Institutions should adjust their strategies in accordance with the Net liquidity injected from outstanding operations.
Key Entities Referenced
Reserve Bank of India (RBI): Central bank; oversees money market operations
Liquidity Adjustment Facility (LAF): Tool used by the RBI to manage liquidity in the money market
Marginal Standing Facility (MSF): Facility under which scheduled commercial banks can borrow additional amount of overnight money
Standing Deposit Facility (SDF): Tool to absorb excess liquidity from the banking system
Money Market: Financial market where short-term debt instruments are traded.
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 30, 2025
Money Market Operations as on September 29, 2025
(Amount in ₹ Crore, Rate in Per cent)
MONEY MARKETS@ Volume Weighted Range
(One Leg) Average Rate
A. Overnight Segment (I+II+III+IV) 6,43,715.92 5.44 4.75-6.55
I. Call Money 17,082.66 5.53 4.75-5.60
II. Triparty Repo 4,30,875.50 5.40 5.25-5.51
III. Market Repo 1,91,663.21 5.52 5.10-6.00
IV. Repo in Corporate Bond 4,094.55 5.67 5.60-6.55
B. Term Segment
I. Notice Money** 572.00 5.51 5.00-5.95
II. Term Money@@ 549.00 - 5.40-6.50
III. Triparty Repo 8,572.00 5.73 5.50-5.90
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# Mon, 29/09/2025 1 Tue, 30/09/2025 1,897.00 5.75
4. SDFΔ# Mon, 29/09/2025 1 Tue, 30/09/2025 1,58,209.00 5.25
5. Net liquidity injected from today's
-1,56,312.00
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 Fri, 26/09/2025 4 Tue, 30/09/2025 90,931.00 5.51
(b) Reverse Repo
3. MSF#
D. Standing Liquidity Facility (SLF) Availed from RBI$ 10,375.31
E. Net liquidity injected from outstanding operations [injection
1,01,306.31
(+)/absorption (-)]*
F. Net liquidity injected (outstanding including today's
-55,005.69
operations) [injection (+)/absorption (-)]*2
RESERVE POSITION@
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on September 29, 2025 9,25,434.00
(ii) Average daily cash reserve requirement for the fortnight ending October 03, 2025 9,13,308.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ September 29, 2025 0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on September 05, 2025 4,66,312.00
@ 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: 2025-2026/1198 Deputy General Manager
(Communications)