Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 71,902 Amount allotted (in ₹ crore) 50,001 Cut off Rate (%) 5.53 Weighted Average Rate (%) 5.58 Partial Allotment Percentage of bids received at cut off rate (%) 51.89

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, July 23, 2025, 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) 6,13,605.52 5.69 4.75-6.60 I. Call Money 17,157.62 5.62 4.75-5.80 II. Triparty Repo 4,17,073.80 5.69 5.50-5.83 III. Market Repo 1,76,684.55 5.69 5.00-5.90 IV. Repo in Corporate Bond 2,689.55 5.90 5.84-6.60

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,19,575.62 5.51 4.75-6.50 I. Call Money 18,053.92 5.48 4.75-5.70 II. Triparty Repo 4,14,235.80 5.51 5.32-5.90 III. Market Repo 1,84,961.35 5.51 5.00-6.00 IV. Repo in Corporate Bond 2,324.55 5.65 5.50-6.50

(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 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,891.42 5.06 4.05-5.40 I. Call Money 897.80 5.00 4.75-5.40 II. Triparty Repo 5,887.85 5.07 4.60-5.28 III. Market Repo 105.77 4.60 4.05-5.25 IV. Repo in Corporate Bond 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) 7,138.57 5.28 4.50-6.30 I. Call Money 1,238.40 5.11 4.75-5.40 II. Triparty Repo 3,345.50 5.22 5.00-5.30 III. Market Repo 140.12 4.76 4.50-5.00 IV. Repo in Corporate Bond 2,414.55 5.47 5.40-6.30

Tenor 7-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 2,07,584 Amount accepted (in ₹ crore) 2,00,027 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate 95.94

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,09,521.02 5.30 4.75-6.35 I. Call Money 18,360.64 5.35 4.75-5.40 II. Triparty Repo 4,06,012.65 5.28 5.24-5.32 III. Market Repo 1,82,713.18 5.34 5.00-6.00 IV. Repo in Corporate Bond 2,434.55 5.48 5.42-6.35

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, July 18, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 7 10:00 AM to 10:30 AM July 25, 2025 (Friday)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,91,245.23 5.30 3.00-6.55 I. Call Money 19,774.73 5.36 4.75-5.45 II. Triparty Repo 3,84,694.90 5.28 5.25-5.34 III. Market Repo 1,84,341.05 5.34 3.00-5.90 IV. Repo in Corporate Bond 2,434.55 5.50 5.42-6.55

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹32,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,06,180.02 5.32 3.00-6.25 I. Call Money 16,248.43 5.38 4.75-5.50 II. Triparty Repo 3,95,077.45 5.30 5.15-5.36 III. Market Repo 1,92,544.59 5.37 3.00-5.65 IV. Repo in Corporate Bond 2,309.55 5.49 5.46-6.25

Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 57,450 Amount accepted (in ₹ crore) 57,450 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,84,270.50 5.22 4.50-6.55 I. Call Money 15,488.90 5.31 4.75-5.40 II. Triparty Repo 3,74,506.85 5.19 5.10-5.25 III. Market Repo 1,91,715.20 5.27 4.50-5.45 IV. Repo in Corporate Bond 2,559.55 5.49 5.40-6.55

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 15, 2025, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 3 10:00 AM to 10:30 AM July 18, 2025 (Friday)

(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 - -

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 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 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) 6,16,031.48 5.34 3.00-6.65 I. Call Money 15,690.99 5.45 4.75-5.55 II. Triparty Repo 4,01,112.75 5.30 5.00-5.49 III. Market Repo 1,97,033.19 5.39 3.00-5.60 IV. Repo in Corporate Bond 2,194.55 5.61 5.50-6.65

Tenor 7-day Notified Amount (in ₹ crore) 2,50,000 Total amount of offers received (in ₹ crore) 1,51,633 Amount accepted (in ₹ crore) 1,51,633 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.49 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,98,675.70 5.28 4.00-6.60 I. Call Money 19,066.40 5.36 4.75-5.45 II. Triparty Repo 3,86,756.85 5.25 5.15-5.30 III. Market Repo 1,90,297.90 5.32 4.00-5.60 IV. Repo in Corporate Bond 2,554.55 5.52 5.45-6.60

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, July 11, 2025, 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) 5,99,336.05 5.30 4.00-6.60 I. Call Money 17,823.20 5.32 4.80-5.45 II. Triparty Repo 3,95,112.65 5.29 5.23-5.35 III. Market Repo 1,84,573.20 5.33 4.00-5.70 IV. Repo in Corporate Bond 1,827.00 5.54 5.45-6.60

The Reserve Bank of India today placed on its website Draft Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025. Comments on the draft Directions are invited from banks, market participants and other interested parties by August 01, 2025 Feedback on the draft Directions may be forwarded to: The Chief General Manager Reserve Bank of India Financial Markets Regulation Department 9th Floor, Central Office Building Shahid Bhagat Singh Marg, Fort Mumbai – 400 001

Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 97,315 Amount accepted (in ₹ crore) 97,315 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.46 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,95,739.88 5.15 4.00-6.25 I. Call Money 18,712.20 5.26 4.50-5.35 II. Triparty Repo 3,90,353.65 5.13 5.09-5.27 III. Market Repo 1,84,543.48 5.19 4.00-5.40 IV. Repo in Corporate Bond 2,130.55 5.41 5.35-6.25

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Wednesday, July 09, 2025, 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) 6,13,280.00 5.14 2.00-6.25 I. Call Money 17,060.89 5.26 4.75-5.35 II. Triparty Repo 4,00,746.10 5.11 5.00-5.26 III. Market Repo 1,92,328.36 5.18 2.00-5.60 IV. Repo in Corporate Bond 3,144.65 5.42 5.32-6.25

(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 - -

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 9,510.71 4.86 3.50-5.30 I. Call Money 1,535.90 4.91 4.70-5.30 II. Triparty Repo 7,828.30 4.87 4.40-5.03 III. Market Repo 146.51 3.96 3.50-4.15 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.70 5.10 5.10-5.10 II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 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) 7,134.10 5.11 4.50-6.25 I. Call Money 1,279.55 5.00 4.75-5.30 II. Triparty Repo 3,957.00 5.00 4.50-5.20 III. Market Repo 97.00 5.00 5.00-5.00 IV. Repo in Corporate Bond 1,800.55 5.43 5.35-6.25

Tenor 7-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 1,70,880 Amount accepted (in ₹ crore) 1,00,010 Cut off Rate (%) 5.47 Weighted Average Rate (%) 5.44 Partial Acceptance Percentage of offers received at cut off rate 60.45

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,29,660.72 5.15 1.00-6.40 I. Call Money 17,240.47 5.26 4.75-5.35 II. Triparty Repo 4,15,519.40 5.12 5.00-5.20 III. Market Repo 1,94,980.30 5.20 1.00-5.60 IV. Repo in Corporate Bond 1,920.55 5.39 5.32-6.40

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, July 04, 2025, 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) 6,37,489.66 5.16 1.00-6.25 I. Call Money 16,924.02 5.27 4.70-5.35 II. Triparty Repo 4,29,235.45 5.14 5.00-5.21 III. Market Repo 1,89,448.64 5.20 1.00-5.50 IV. Repo in Corporate Bond 1,881.55 5.44 5.35-6.25

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,81,010.53 5.20 3.95-6.50 I. Call Money 16,015.92 5.31 4.75-5.40 II. Triparty Repo 4,61,298.45 5.19 4.50-5.30 III. Market Repo 2,00,852.61 5.21 3.95-5.50 IV. Repo in Corporate Bond 2,843.55 5.49 5.40-6.50

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,12,012.57 5.41 3.50-5.80 I. Call Money 13,225.85 5.50 4.75-5.70 II. Triparty Repo 3,96,463.00 5.42 5.10-5.52 III. Market Repo 2,00,456.17 5.38 3.50-5.75 IV. Repo in Corporate Bond 1,867.55 5.67 5.64-5.80

At present, Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) are available between 5:30 PM and 11:59 PM on all days. 2. In light of the extension of market timings for call money to 7:00 PM, it has been decided that the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) will be available between 7:00 PM and 11:59 PM with effect from July 01, 2025. 3. All other terms and conditions of the current SDF and MSF schemes remain unchanged.

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 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

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 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 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) 6,44,354.46 5.27 0.01-6.35 I. Call Money 15,051.98 5.38 4.75-5.60 II. Triparty Repo 4,06,137.85 5.42 5.20-5.72 III. Market Repo 2,21,441.08 4.98 0.01-6.20 IV. Repo in Corporate Bond 1,723.55 5.51 5.45-6.35

Tenor 7-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 84,975 Amount accepted (in ₹ crore) 84,975 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.45 Partial Acceptance Percentage of offers received at cut off rate NA

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,07,651.46 5.16 0.01-6.30 I. Call Money 18,327.98 5.27 4.75-5.35 II. Triparty Repo 4,00,730.45 5.24 5.00-5.26 III. Market Repo 1,86,894.48 4.97 0.01-5.75 IV. Repo in Corporate Bond 1,698.55 5.46 5.40-6.30

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,07,638.82 5.16 0.01-6.55 I. Call Money 16,775.52 5.29 4.75-5.35 II. Triparty Repo 4,09,038.35 5.25 5.20-5.28 III. Market Repo 1,80,038.55 4.94 0.01-5.40 IV. Repo in Corporate Bond 1,786.40 5.49 5.40-6.55

The Reserve Bank had set up the Working Group (Chairperson: Shri Radha Shyam Ratho) to undertake a comprehensive review of trading and settlement timings of financial markets regulated by the Reserve Bank. The Working Group provided recommendations aimed at facilitating further market development, price discovery, and optimization of liquidity requirements. Its report was published on the RBI’s website inviting comments from members of the public. The Reserve Bank has examined the recommendations of the Committee as well as the feedback received and it has been decided to implement the following recommendations:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,28,883.45 5.14 0.01-6.55 I. Call Money 17,196.57 5.27 4.75-5.35 II. Triparty Repo 4,32,260.40 5.20 5.10-5.27 III. Market Repo 1,77,182.93 4.96 0.01-5.40 IV. Repo in Corporate Bond 2,243.55 5.47 5.40-6.55

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, June 27, 2025, 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) 6,18,964.90 5.19 1.50-6.55 I. Call Money 16,996.13 5.27 4.75-5.35 II. Triparty Repo 4,18,203.05 5.23 5.01-5.27 III. Market Repo 1,81,187.07 5.09 1.50-5.40 IV. Repo in Corporate Bond 2,578.65 5.48 5.40-6.55

(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    -    -