The Government of Maharashtra has declared September 08, 2025, as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The public holiday on September 05, 2025, declared earlier has been cancelled. Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 08, 2025. The Government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 05, 2025.

Tenor    8-day Notified Amount (in ₹ crore)    1,50,000 Total amount of offers received (in ₹ crore)    1,80,955 Amount accepted (in ₹ crore)    1,50,023 Cut off Rate (%)    5.49 Weighted Average Rate (%)    5.49 Partial Acceptance Percentage of offers received at cut off rate    81.9 

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, September 04, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 8 9:30 AM to 10:00 AM September 12, 2025 (Friday)

The Reserve Bank has today released data on Reserve Money for the week ended August 29, 2025 and Money Supply for the fortnight ended August 22, 2025.

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 48,820 Amount accepted (in ₹ crore) 48,820 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 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 Variable Rate Reverse Repo (VRRR) auction on Monday, September 01, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal

Tenor 6-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 1,38,366 Amount accepted (in ₹ crore) 1,38,366 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 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 Variable Rate Reverse Repo (VRRR) auction on Friday, August 29, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 6 9:30 AM to 10:00 AM September 04, 2025 (Thursday)

The Reserve Bank has today released data on Reserve Money for the week

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 49,515 Amount accepted (in ₹ crore) 49,515 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 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 Variable Rate Reverse Repo (VRRR) auction on Thursday, August 28, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 9:30 AM to 10:00 AM August 29, 2025 (Friday)

Tenor 7-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 75,781 Amount accepted (in ₹ crore) 75,781 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA

In May 2016, the Reserve Bank of India Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting (FIT) framework in India. As per Section 45ZA of the RBI Act, 1934, the Central Government shall, in consultation with the Reserve Bank, determine the inflation target in terms of the CPI, once in every five years. The Central Government initially notified the inflation target with the tolerance band on August 5, 2016, for the period 2016-2021. In the first review conducted in March 2021, this target was retained for the subsequent five years till March 2026. A second review of the target is now due by end-March 2026.

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, August 22, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 7 9:30 AM to 10:00 AM August 29, 2025 (Friday)

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 31,025 Amount allotted (in ₹ crore) 31,025 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, August 21, 2025, as under:

The Reserve Bank has today released data on Reserve Money for the week ended August 15, 2025 and Money Supply for the fortnight ended August 08, 2025.

[Under Section 45ZL of the Reserve Bank of India Act, 1934] The fifty-sixth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during August 4 to 6, 2025. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by all the members – Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi; Shri Saugata Bhattacharya, Economist, Mumbai; Professor Ram Singh, Director, Delhi School of Economics, Delhi; Dr. Poonam Gupta, Deputy Governor in charge of monetary policy and Dr. Rajiv Ranjan, Executive Director (the officer of the Reserve Bank nominated by the Central Board under Section 45ZB(2)(c) of the Reserve Bank of India Act, 1934).

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 23,360 Amount accepted (in ₹ crore) 23,360 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.48 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 Variable Rate Reverse Repo (VRRR) auction on Monday, August 18, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 9:30 AM to 10:00 AM August 21, 2025 (Thursday)

Tenor 8-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 1,82,790 Amount accepted (in ₹ crore) 1,82,790 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 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 Variable Rate Reverse Repo (VRRR) auction on Thursday, August 14, 2025, as under:

The Reserve Bank has today released data on Reserve Money for the week

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 44,790 Amount accepted (in ₹ crore) 44,790 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 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 Variable Rate Reverse Repo (VRRR) auction on Monday, August 11, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:15 AM to 10:45 AM August 14, 2025 (Thursday) 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.

Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 13,045 Amount accepted (in ₹ crore) 13,045 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.48 Partial Acceptance Percentage of offers received at cut off rate NA

Tenor 6-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 1,46,044 Amount accepted (in ₹ crore) 1,46,044 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 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 the following Variable Rate Reverse Repo (VRRR) auctions on Friday, August 08, 2025:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 49,055 Amount accepted (in ₹ crore) 49,055 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA