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 May 2024.

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 26,560 Amount accepted (in ₹ crore) 25,006 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 93.2

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 11, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 12, 2024 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on July 12, 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) 517,951.30 6.41 0.02-8.70 I. Call Money 9,506.65 6.47 5.10-6.60 II. Triparty Repo 354,475.80 6.40 6.25-6.45 III. Market Repo 153,023.85 6.45 0.02-6.60 IV. Repo in Corporate Bond 945.00 6.68 6.65-8.70

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 July 05, 2024 and Money Supply for the fortnight ended June 28, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 93 97 144 (ii) Amount ₹30464.460 Crore ₹20506.550 Crore ₹28618.500 Crore III. Cut-off price / Yield 98.3431 96.6879 93.5450 (YTM: 6.7578%) (YTM: 6.8699%) (YTM: 6.9194%)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3431 (YTM: 6.7578%) 96.6879 (YTM: 6.8699%) 93.5450 (YTM: 6.9194%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 10,770 Amount accepted (in ₹ crore) 10,770 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA