Press Releases

Money Market Operations as on December 15, 2023 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,241.50 6.43 5.50-6.90 I. Call Money

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:   Sr. No.  Treasury Bill  Notified Amount  (in ₹ Crore)  Auction Date  Settlement Date

1. Reserve Bank of India - Liabilities and Assets*(₹ Crore) Item 2022 2023 Variation Dec. 9 Dec. 1 Dec. 8 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹19,592 Crore (Face Value).   Sr. No.  State / UT  Amount to be raised  (₹ Cr)  Additional Borrowing (Greenshoe)  Option (₹ Cr)  Tenure (Year)  Type of Auction

7.37% GS 2028 7.18% GS 2033 7.46% GS 2073 I. Notified Amount ₹7,000 crore ₹16,000 crore ₹10,000 crore II. Cut off Price / Implicit Yield at cut-off 101.20/ 7.0699% 99.92/ 

The Reserve Bank of India hosted the Eighteenth C.D. Deshmukh Memorial Lecture on December 15, 2023 in Mumbai. The lecture was delivered by Professor Arvind Panagariya, Professor of Economics and the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University. The text of his lecture India at 125: Reclaiming the Lost Glory and Returning the Global Economy to the Old Normal” is placed at www.rbi.org.in. (Yogesh Dayal) Chief General Manager Press Release: 2023-2024/1497

Auction Results  7.37% GS 2028  7.18% GS 2033  7.46% GS 2073  I.  Notified Amount  ₹7000 Crore  ₹16000 Crore  ₹10000 Crore  II.  Underwriting Notified Amount  ₹7000 Crore  ₹16000 Crore  ₹10000 Crore  III.  Competitive Bids Received     (i)  Number  119  212  187

In terms of Government of India Notification F.No.4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18 Series XII - Issue date December 18, 2017) on Sovereign Gold Bond (SGB) Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be December 18, 2023. 2. Further, the redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption as published by the India Bullion and Jewellers Association Ltd (IBJA). 

In terms of Government of India notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated December 08, 2023, the Sovereign Gold Bond Scheme 2023- 24 - Series III will be open for subscription during December 18–22, 2023. The nominal value of the bond based on the simple average of closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three working days of the week preceding the subscription period, i.e. December 13, December 14, and December 15, 2023 works out to ₹6,199/- (Rupees Six thousand one hundred and ninety nine only) per gram of gold. Government of India, in consultation with the Reserve Bank, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and making the payment against the application through digital mode. For such investors, the issue price of Gold Bond will be ₹6,149/- (Rupees Six thousand one hundred and forty nine only) per gram of gold. Ajit Prasad Director (Communications) Press Release: 2023-2024/1495

Tenor  7-day  Notified Amount (in ₹ crore)  1,00,000  Total amount of bids received (in ₹ crore)  2,73,354  Amount allotted (in ₹ crore)  1,00,006  Cut off Rate (%)  6.61  Weighted Average Rate (%)  6.63  Partial Allotment Percentage of bids received at cut off rate (%)  78.5