On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on April 26, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 2:15 PM to 2:45 PM April 29, 2024 (Monday)  2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022. (Yogesh Dayal) Chief General Manager Press Release: 2024-2025/182

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹14,700 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 - 12 Yield 1000 - 17 Yield 1000 - 20 Yield

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Apr. 21 Apr.12 Apr. 19 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 3145 0 0 0 -3145 4.2 State Governments 3146 12921 17496 4575 14350 * Data are provisional; difference, if any, is due to rounding off.

Today the Reserve Bank of India placed on its website a Working Paper titled, “Equity Markets and Monetary Policy Surprises” under the Reserve Bank of India Working Paper Series . The paper is co-authored by Mayank Gupta, Amit Pawar, Satyam Kumar, Abhinandan Borad and Subrat Kumar Seet.  

Auction Results 7.10% GS 2034 7.46% GS 2073 I. Notified Amount ₹20,000 crore ₹12,000 crore II. Underwriting Notified Amount ₹20,000 crore ₹12,000 crore Competitive Bids Received

Tenor    3-day Notified Amount (in ₹ crore)    25,000 Total amount of bids received (in ₹ crore)    26,040 Amount allotted (in ₹ crore)    25,001 Cut off Rate (%)    6.52 Weighted Average Rate (%)    6.61 Partial Allotment Percentage of bids received at cut off rate (%)    31.81 

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 542,013.26 6.67 4.01-7.00 I. Call Money 8,968.87 6.70 5.10-6.85 II. Triparty Repo 359,192.40 6.70 6.60-6.83 III. Market Repo 173,050.99 6.59 4.01-6.85 IV. Repo in Corporate Bond 801.00 6.90 6.88-7.00

7.10% GS 2034 7.46% GS 2073 I. Notified Amount ₹20,000 crore ₹12,000 crore II. Cut off Price / Implicit Yield at cut-off 99.37/ 7.1889% 101.67/ 7.3338% III. Amount accepted in the auction ₹20,000 crore ₹12,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auctions conducted on April 26, 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) 7.10% GS 2034 20,000 10,017 9,983 20,000 0.34 7.46% GS 2073 12,000 6,006 5,994 12,000 0.54  Auction for the sale of securities will be held on April 26, 2024.