Result of the 15-day Variable Rate Repo auction held on January 25, 2024 Tenor 15-day Notified Amount (in ₹ crore) 2,50,000 Total amount of bids received (in ₹ crore) 3,08,024 Amount allotted (in ₹ crore) 2,50,010

In the underwriting auctions conducted on January 25, 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:

The Reserve Bank of India, vide Directive DOS.CO.OCCD/185569/12.28.007/ 2021-22 dated January 28, 2022 issued under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS), had placed the Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P)  under Directions from the close of business on January 28, 2022. The validity of these Directions was extended time-to-time, last being up to January 27, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range  A.  Overnight Segment (I+II+III+IV) 508,252.59 6.77 5.00-7.90  I. Call Money 13,496.68 6.78 5.00-6.90 II. Triparty Repo 349,439.65 6.75 6.63-6.80 III. Market Repo 144,966.26 6.81 5.00-6.95

As part of the continuing engagement with the Directors of UCBs, the Reserve Bank of India (RBI) held a Conference of Directors of select UCBs of Southern Zone in Hyderabad, on January 24, 2024. The theme of the Conference was ‘Governance in UCBs: Combating Cyber Threats and Enhancing Resilience’. The Conference was also attended by senior RBI officials including Executive Director and other officers of Department of Supervision, Department of Regulation and Regional Directors of RBI. Reserve Bank has previously engaged with the Directors of large UCBs in Mumbai in August 2023.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 25, 2024, Friday as under:

The Reserve Bank has today released data on Reserve Money for the week ended January 19, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1734

Auction Results 91 Days 182 Days 364 Days Notified Amount ₹8000 Crore ₹10000 Crore ₹9000 Crore Competitive Bids Received (i)  Number 76 140 152 (ii) Amount ₹ 17111.102 Crore ₹ 22761.500 Crore ₹ 25009.606 Crore          

Today, the Reserve Bank of India (RBI) released its Report titled “Finances of Panchayati Raj Institutions”. Drawing upon data on 2.58 lakh Panchayats for the years 2020-21 to 2022-23, it presents an assessment of their finances and their role in India’s socio-economic development.

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified  ₹8,000 Crore ₹10,000 Crore  ₹9,000 Crore