Press Releases

The uniform resource locator (URL) domain address of the ‘Database on Indian Economy (DBIE)’ portal of the Reserve Bank is being changed to https://data.rbi.org.in with effect from close of business today (June 21, 2024). The current URLs, viz., https://dbie.rbi.org.in and https://cimsdbie.rbi.org.in will also get directed to the new URL https://data.rbi.org.in.

Tenor 6-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,64,040 Amount allotted (in ₹ crore) 1,00,005 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 18.78

In the underwriting auctions conducted on June 21, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.04% GS 2029 12,000 6,006 5,994 12,000 0.08 7.46% GS 2073 11,000 5,502 5,498 11,000 0.12 Auction for the sale of securities will be held on June 21, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 547,815.36 6.55 5.10-7.05 I. Call Money 12,345.52 6.64 5.10-6.80 II. Triparty Repo 371,042.30 6.53 6.40-6.79 III. Market Repo 163,797.54 6.59 5.58-6.85 IV. Repo in Corporate Bond 630.00 6.77 6.75-7.05

On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo (VRR) auction on June 21, 2024, Friday, as under:

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on June 21, 2024. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 565,210.64 6.53 3.00-6.80 I. Call Money 11,578.75 6.65 5.10-6.75 II. Triparty Repo 383,926.80 6.50 6.30-6.74 III. Market Repo 169,075.09 6.59 3.00-6.80 IV. Repo in Corporate Bond 630.00 6.78 6.75-6.80

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹25,000 crore (face value). The security-wise details of the conversion/switch are given as under:

The Reserve Bank has today released data on Reserve Money for the week ended June 14, 2024.

The Reserve Bank of India (RBI), vide order dated June 19, 2024, has cancelled the licence of “The City Co-operative Bank Ltd., Mumbai, Maharashtra.” Consequently, the bank ceases to carry on banking business, with effect from the close of business on June 19, 2024. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.