Press Releases

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on May 17, 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) 490,995.72 6.32 4.00-6.80 I. Call Money 12,016.96 6.48 5.40-6.55 II. Triparty Repo 309,533.65 6.29 6.10-6.40 III. Market Repo 168,275.11 6.38 4.00-6.65 IV. Repo in Corporate Bond 1,170.00 6.59 6.45-6.80 B. Term Segment I. Notice Money** 160.75 6.43 5.80-6.50 II. Term Money@@ 10.00 - 6.65-6.65 III. Triparty Repo 1,001.50 6.27 6.25-6.50 IV. Market Repo 1,915.98 6.77 6.50-7.00 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank today held a Conference in Mumbai for the Heads of Assurance Functions (i.e., Chief Compliance Officers, Chief Risk Officers and Heads of Internal Audit) of select Non-Banking Financial Companies (NBFCs). The conference was attended by about 280 participants representing more than 100 NBFCs. This event, with the theme ‘<i>Resilient Financial System – Role of Effective Assurance Functions</i>’, is a part of the series of supervisory engagements the Reserve Bank has been organising over the last one year with its Regulated Entities. As part of this series, the Conference for the Heads of Assurance Functions of Scheduled Commercial Banks was held earlier in January 2024.

The Reserve Bank has today released data on Reserve Money for the week ended May 10, 2024 and Money Supply for the fortnight ended May 03, 2024. Ajit Prasad Deputy General Manager (Communications)

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹7000 Crore ₹8000 Crore II. Competitive Bids Received   (i)  Number 116 115 93 (ii) Amount ₹ 34251.409 Crore ₹ 15785.440 Crore ₹ 22951.220 Crore III. Cut-off price / Yield 98.2875 96.5879 93.4053 (YTM:6.9885%) (YTM:7.0847%) (YTM:7.0797%) IV. Competitive Bids Accepted   (i)  Number 50 77 18 (ii) Amount ₹ 11958.103 Crore ₹ 6964.211 Crore ₹ 7975.230 Crore V. Partial Allotment Percentage of Competitive Bids 63.34% 14.59% 78.63% (1 Bid) (2 Bids) (1 Bid) VI. Weighted Average Price/Yield 98.2911 96.5925 93.4119 (WAY: 6.9736%) (WAY: 7.0748%) (WAY: 7.0721%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.2875 (YTM: 6.9885%) 96.5879 (YTM: 7.0847%) 93.4053 (YTM: 7.0797%) IV. Total Face Value Accepted ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 493,028.00 6.57 4.50-7.10 I. Call Money 12,695.01 6.70 5.10-6.85 II. Triparty Repo 308,944.65 6.52 5.90-6.70 III. Market Repo 169,997.34 6.66 4.50-6.85 IV. Repo in Corporate Bond 1,391.00 6.84 6.75-7.10 B. Term Segment I. Notice Money** 154.30 6.59 5.50-6.80 II. Term Money@@ 453.00 - 6.85-7.10 III. Triparty Repo 476.00 6.67 6.55-6.73 IV. Market Repo 600.00 7.01 7.01-7.01 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India (RBl) has by an order dated April 25, 2024, imposed a monetary penalty of ₹2.50 lakh (Rupees Two lakh Fifty thousand only) on The Vaijapur Merchants Co-operative Bank Ltd., Vaijapur, Maharashtra (the bank), for contravention of specific directions issued by RBI under Supervisory Action Framework (SAF). This penalty has been imposed in exercise of powers vested in RBI, conferred under section 47A(1)(c) read with section 46(4)(i) and section 56 of the Banking Regulation Act, 1949.

The result of the auction of State Government Securities held on May 14,2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2033 ANDHRA PRADESH 2040 ANDHRA PRADESH 2045 ANDHRA PRADESH 2046 Notified Amount 500 500 1000 1000 Tenure 9 16 21 22 Competitive Bids Received (i) No. 85 38 30 24 (ii) Amount 3760 1895.1 3410 4495 Cut off Yield (%) 7.45 7.45 7.42 7.42

Sr. No. State Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 500 500 7.45 09 500 500 7.45 16 1000 1000 7.42 21 1000 1000 7.42 22 1000 1000 7.41 23 2 Jammu & Kashmir 1000 1000 7.41 25 3 Punjab 500 500 7.47 08 4 Telangana 1000 1000 7.44 17 Total 6500 6500

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,09,200 Amount allotted (in ₹ crore) 50,002 Cut off Rate (%) 6.62 Weighted Average Rate (%) 6.64 Partial Allotment Percentage of bids received at cut off rate (%) 13.15

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 14, 2024, Tuesday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 11:45 AM to 12:15 PM May 17, 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. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/298

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 4,98,320.33 6.70 4.00-7.10 I. Call Money  9,701.29 6.72 5.50-6.90 II. Triparty Repo 3,14,173.55 6.70 6.25-6.80 III. Market Repo  1,73,494.49 6.69 4.00-6.85 IV. Repo in Corporate Bond 951.00 6.89 6.85-7.10 B. Term Segment I. Notice Money**  97.25 6.48 6.20-6.72 II. Term Money@@ 537.50 - 6.50-7.10 III. Triparty Repo 1,426.00 6.85 6.70-6.90 IV. Market Repo 1,020.46 6.85 6.85-7.00 V. Repo in Corporate Bond 0.00 - -

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹20,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification Auction Date Settlement Date 1 7.10% GS 2034 April 08, 2034 20,000 F.No.4(3)-B(W&M)/2024 dated May 13, 2024 May 17, 2024 (Friday) May 21, 2024 (Tuesday) 2 7.34% GS 2064 April 22, 2064 11,000 Total 31,000 

The Reserve Bank of India has today released the 42nd half-yearly report on management of foreign exchange reserves with reference to end-March 2024. The position of foreign exchange reserves as on May 03, 2024 is as under: US $ Billion Foreign Exchange Reserves (i+ii+iii+iv) 641.59 i. Foreign Currency Assets (FCA) 564.16 ii. Gold 54.88 iii. Special Drawing Rights (SDRs) 18.05 iv. Reserve Tranche Position (RTP) 4.50 * Difference, if any, is due to rounding-off.

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of March 2024.

Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 86,950 Amount allotted (in ₹ crore) 25,004 Cut off Rate (%) 6.66 Weighted Average Rate (%) 6.68 Partial Allotment Percentage of bids received at cut off rate (%) 20.94

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 13, 2024, Monday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 4 11:30 AM to 12:00 Noon May 17, 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. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/292

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - -