Press Releases

The result of the auction of State Government Securities held on December 31, 2024 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037 ANDHRA PRADESH 2038 ANDHRA PRADESH 2039 HARYANA 2038 Notified Amount 1500 1500 2000 1000 Tenure 12 13 14 13 Competitive Bids Received (i) No. 55 53 39 49 (ii) Amount 2895 4325 3987 2176

Today the Reserve Bank of India placed on its website a Working Paper titled, “State-Level Inflation Forecasts for India: Based on Data from Inflation Expectations Survey of Households” under the Reserve Bank of India Working Paper Series . The paper is co-authored by Purnima Shaw and R. K. Sinha. The Inflation Expectations Survey of Households (IESH) of the Reserve Bank of India (RBI) completed its 90th round in March 2024. Using the historical series from this survey, this paper provides state-level inflation forecasts. Deviating from the conventional regression-based forecasting, this

Today, the Reserve Bank of India releases Volume 45, No.1, 2024 of its Occasional Papers, a research journal containing contributions from its staff. This issue contains three articles and three book reviews. Articles: 1. Determinants of Household Saving Portfolio in India: Evidence from Survey Data This paper provides an assessment of the household saving and investment behaviour by studying both household-specific determinants and time-varying macroeconomic

Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Andhra Pradesh 1500 1500 7.17 12 1500 1500 7.17 13 2000 2000 7.17 14 2. Haryana 1000 1000 7.18 13 3. Jammu and Kashmir 320 320 7.11 30

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 58,521 Amount allotted (in ₹ crore) 50,004 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 41.34

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sangli Sahakari Bank Ltd., Mumbai, Maharashtra vide Directive CO.DOS.DSD.No./S2322/12-07-005/2022-23 dated July 07, 2022 for a period of six months up to close of business on January 08, 2023, as modified from time to time, which were last extended up to close of business on January 08, 2025, vide Directive DOR.MON.D-57/12.22.225/2024-25 dated October 03, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 31, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 10:30 AM to 11:00 AM January 01, 2025 (Wednesday)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,47,850.59 6.71 5.10-7.80 I. Call Money 10,863.54 6.74 5.10-7.00 II. Triparty Repo 3,87,636.45 6.70 6.20-6.80 III. Market Repo 1,47,320.90 6.74 5.10-7.80 IV. Repo in Corporate Bond 2,029.70 6.93 6.92-7.05

The Reserve Bank of India (RBI), vide order dated December 27, 2024, has cancelled the licence of “The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 30, 2024. The Registrar of Cooperative Societies, Bihar has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.79% GS 2034 Oct 07, 2034 22,000 F.No.4(3)-B(W&M)/2024 dated December 30, 2024 January 03, 2025 (Friday) January 06, 2025 (Monday) 2 7.09% GS 2074 Nov 25, 2074 10,000 Total 32,000