India Money Markets Performance Analysis: July 1, 2025

This report provides a detailed overview of India’s money market operations on July 1, 2025. Data is presented in Crore Rupees (₹) and percentages, sourced from the Reserve Bank of India (RBI) and the Clearing Corporation of India Limited (CCIL).

Money Market Segments

Overnight Segment

The overnight segment saw a total volume of ₹6,81,010.53 crore with a weighted average rate of 5.20%. Rates ranged from 3.95% to 6.50%.

• Call Money: Volume: ₹16,015.92 crore, Rate: 5.31% (Range: 4.75-5.40%)
• Triparty Repo: Volume: ₹4,61,298.45 crore, Rate: 5.19% (Range: 4.50-5.30%)
• Market Repo: Volume: ₹2,00,852.61 crore, Rate: 5.21% (Range: 3.95-5.50%)
• Repo in Corporate Bond: Volume: ₹2,843.55 crore, Rate: 5.49% (Range: 5.40-6.50%)

Term Segment

The term segment witnessed varied activity across different instruments.

• Notice Money (Uncollateralized, 2-14 days): Volume: ₹54.50 crore, Rate: 5.27% (Range: 5.15-5.32%)
• Term Money (Uncollateralized, 15 days-1 year): Volume: ₹1,110.50 crore, Rate: 5.60-6.00%
• Triparty Repo: Volume: ₹5,503.90 crore, Rate: 5.22% (Range: 5.15-5.40%)
• Market Repo: Volume: ₹247.46 crore, Rate: 5.40%
• Repo in Corporate Bond: No transactions.

RBI Operations

Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)

• MSF: ₹1,233.00 crore at 5.75% (1-day tenor, maturing July 2, 2025)
• SDF: ₹2,55,381.00 crore at 5.25% (1-day tenor, maturing July 2, 2025)
• Net Liquidity Injected (Today’s Operations): -₹2,54,148.00 crore (Absorption)
• Outstanding Reverse Repo (Fine-Tuning Operations): ₹84,975.00 crore at 5.49% (7-day tenor, maturing July 4, 2025)
• Standing Liquidity Facility (SLF) Availed: ₹7,247.29 crore
• Net Liquidity Injected (Outstanding Operations): -₹77,727.71 crore (Absorption)
• Net Liquidity Injected (Outstanding including Today’s Operations): -₹3,31,875.71 crore (Absorption)

Reserve Position

• Cash Balances with RBI (as of July 1, 2025): ₹10,06,563.07 crore
• Average Daily Cash Reserve Requirement (fortnight ending July 11, 2025): ₹9,52,318.00 crore
• Government of India Surplus Cash Balance (July 1, 2025): ₹0.00 crore
• Net Durable Liquidity (as of June 13, 2025): ₹5,62,116.00 crore (Surplus)

Note: Net liquidity is calculated as Repo + MSF + SLF – Reverse Repo – SDF.

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