On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 09, 2024, Friday, as under

This Statement sets out various developmental and regulatory policy measures relating to (i) Financial Markets; (ii) Regulations; and (iii) Payment Systems and Fintech.  (I) Financial Markets  1. Review of the Regulatory Framework for Electronic Trading Platforms

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 8, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.

This is the first monetary policy statement of 2024, a momentous year for the Reserve Bank of India which enters its 90th year of existence and operations on April 1. Over the years, the Reserve Bank has established itself as a credible institution which stands for stability, trust and economic progress. In recent years, it has become a pioneer in fostering innovation and technology in the financial system. Customer centricity and financial inclusion have always been its priorities. The Reserve Bank’s tireless efforts towards maintaining a fine balance among price stability, financial stability and external sector stability have paid rich dividends as the country embarks on a higher growth trajectory in the years to come. As India gains a pole position in the new global order, the contribution of the Reserve Bank is getting widely recognised in India and abroad.

The Reserve Bank has today released data on Reserve Money for the week ended February 02, 2024 and Money Supply for the fortnight ended January 26, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 11,829 Amount accepted (in ₹ crore) 11,829 Cut off Rate (%)6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 96,093 Amount accepted (in ₹ crore) 50,019 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 44.29 Ajit Prasad Director (Communications) Press Release: 2023-2024/1817

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 41,804 Amount accepted (in ₹ crore) 41,804 Cut off Rate (%) 6.49 Weighted Average Rate (%)

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:

Tenor  1-day  Notified Amount (in ₹ crore)  75,000  Total amount of offers received (in ₹ crore)  27,538  Amount accepted (in ₹ crore)  27,538  Cut off Rate (%)  6.49  Weighted Average Rate (%)  6.49  Partial Acceptance Percentage of offers received at cut off rate  NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/1806

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:

Tenor  4-day  Notified Amount (in ₹ crore)  50,000  Total amount of offers received (in ₹ crore)  18,750  Amount accepted (in ₹ crore)  18,750  Cut off Rate (%)  6.49  Weighted Average Rate (%)  6.49  Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1803

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 05, 2024, Monday, as under:

Tenor  4-day  Notified Amount (in ₹ crore)  50,000  Total amount of offers received (in ₹ crore)  3,975  Amount accepted (in ₹ crore)  3,975  Cut off Rate (%)  6.49  Weighted Average Rate (%)  6.48  Partial Acceptance Percentage of offers received at cut off rate  NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/1789

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 02, 2024, Friday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended January 26, 2024. Ajit Prasad Director (Communications) Press Release: 2023-24/1775

Based on an assessment of the prevailing and evolving liquidity conditions, the Reserve Bank of India has decided that an additional aggregate amount of ₹5,000 crore will be made available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the prevailing repo rate starting from January 31, 2024. The incremental limits for individual SPDs is being conveyed to them separately. All other terms and conditions of the facility shall remain unchanged.

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore)

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 30, 2024, Tuesday, as under:

Tenor  2-day  Notified Amount (in ₹ crore)  25,000  Total amount of bids received (in ₹ crore)  73,290  Amount allotted (in ₹ crore)  25,001  Cut off Rate (%)  6.74  Weighted Average Rate (%)  6.74  Partial Allotment Percentage of bids received at cut off rate (%)  44.99  Ajit Prasad Director (Communications) Press Release: 2023-2024/1754

The Reserve Bank has today released data on Money Supply for the fortnight ended January 12, 2024.  Ajit Prasad Director (Communications)  Press Release: 2023-2024/1746

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 29, 2024, Monday, as under:  Sl. No.  Notified Amount (₹ crore)  Tenor (day)  Window Timing  Date of Reversal  1  25,000  2  10:30 AM to 11:00 AM  January 31, 2024  (Wednesday)   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.

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

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

Result of the 2-day Variable Rate Repo auction held on January 23, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 23, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 2 10:30 AM to 11:00 AM

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 22, 2024, Monday, as under:

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,35,211 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.73 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate (%) 49.64 Ajit Prasad Director (Communications) Press Release: 2023-2024/1705
 

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 19, 2024, Friday, as under: Sl. No. Notified Amount

The Reserve Bank has today released data on Reserve Money for the week ended January 12, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1690

Tenor 13-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 3,92,484 Amount allotted (in ₹ crore) 1,75,010 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.72 Partial Allotment Percentage of bids received at cut off rate (%) 65.40 Ajit Prasad Director (Communications) Press Release: 2023-2024/1661

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 12, 2024, Friday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended January 05, 2024 and Money Supply for the fortnight ended December 29, 2023. Ajit Prasad Director (Communications) 

Tenor  7-day  Notified Amount (in ₹ crore)  1,00,000  Total amount of bids received (in ₹ crore)  2,77,402  Amount allotted (in ₹ crore)  1,00,009  Cut off Rate (%)  6.68  Weighted Average Rate (%)  6.69  Partial Allotment Percentage of bids received at cut off rate (%)  36.68

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 05, 2024, Friday as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 7 10:30 AM to 11:00 AM January 12, 2024  (Friday) 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

The Reserve Bank has today released data on Reserve Money for the week ended December 29, 2023. Ajit Prasad Director (Communications)

The Reserve Bank has today released data on Money Supply for the fortnight ended December 15, 2023.

Result of the 7-day Variable Rate Repo auction held on December 29, 2023 Tenor 7-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 3,01,274 Amount allotted (in ₹ crore) 1,25,020 Cut off Rate (%) 6.73 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on December 29, 2023, Friday, in lieu of the main operation, as under:

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,58,399 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.73

The Reserve Bank has today released data on Reserve Money for the week ended December 22, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1552

Currently, recourse to the Standing Deposit Facility (SDF) and the Marginal Standing Facility (MSF) is available on an overnight basis on all days, including Sundays and holidays, but reversal is permitted only on the next working day in Mumbai. As announced in the Governor’s Statement dated December 08, 2023, it has been decided to allow reversal of liquidity facilities under both SDF and MSF even during weekends and holidays with effect from December 30, 2023. The SDF/MSF bids triggered under the Automated Sweep-In and Sweep-Out (ASISO) facility will now reverse on the next calendar day. In the case of a manual bid placed through the e-Kuber portal, the choice with regard to tenor will be exercisable by the eligible entities at the time of placing of bid. Access to SDF/MSF will continue to be available on all days, including Sundays and holidays.

On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on December 27, 2023, Wednesday, as under:

The forty sixth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 6 to 8, 2023.

Result of the 7-day Variable Rate Repo auction held on December 22, 2023 Tenor 7-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 4,25,154 Amount allotted (in ₹ crore) 1,75,013 Cut off Rate (%) 6.68 Weighted Average Rate (%) 6.70

On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on December 22, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal

The Reserve Bank has today released data on Reserve Money for the week ended December 15, 2023.