Press Releases - Monetary Policy - આરબીઆઈ - Reserve Bank of India
પ્રેસ રિલીઝ
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 05, 2024, Tuesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 05, 2024, Tuesday, as under:
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 26,135 Amount accepted (in ₹ crore) 26,135 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1991
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 26,135 Amount accepted (in ₹ crore) 26,135 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1991
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 04, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal
1 75,000 1 12:30 PM to 1:00 PM March 05, 2024 (Tuesday) 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.
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 04, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal
1 75,000 1 12:30 PM to 1:00 PM March 05, 2024 (Tuesday) 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) 75,000 Total amount of offers received (in ₹ crore) 17,900 Amount accepted (in ₹ crore) 17,900 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1987
Tenor 3-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 17,900 Amount accepted (in ₹ crore) 17,900 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1987
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 04, 2024, Monday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 04, 2024, Monday, as under:
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 43,210 Amount allotted (in ₹ crore) 25,002 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 43.71 Ajit Prasad Director (Communications) Press Release: 2023-2024/1965
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 43,210 Amount allotted (in ₹ crore) 25,002 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 43.71 Ajit Prasad Director (Communications) Press Release: 2023-2024/1965
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction (VRR) on February 29, 2024, Thursday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction (VRR) on February 29, 2024, Thursday, as under:
The Reserve Bank has today released data on Reserve Money for the week ended February 23, 2024.
The Reserve Bank has today released data on Reserve Money for the week ended February 23, 2024.
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 1,337 Amount accepted (in ₹ crore) 1,337 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1954
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 1,337 Amount accepted (in ₹ crore) 1,337 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1954
On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on February 28, 2024, Wednesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on February 28, 2024, Wednesday, as under:
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 20,860 Amount accepted (in ₹ crore) 20,860 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1951
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 20,860 Amount accepted (in ₹ crore) 20,860 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1951
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 28, 2024, Wednesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 28, 2024, Wednesday, as under:
Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 2,40,910 Amount allotted (in ₹ crore) 1,50,006 Cut off Rate (%) 6.63 Weighted Average Rate (%) 6.67 Partial Allotment Percentage of bids received at cut off rate (%) 69.25 Ajit Prasad Director (Communications) Press Release: 2023-2024/1933
Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 2,40,910 Amount allotted (in ₹ crore) 1,50,006 Cut off Rate (%) 6.63 Weighted Average Rate (%) 6.67 Partial Allotment Percentage of bids received at cut off rate (%) 69.25 Ajit Prasad Director (Communications) Press Release: 2023-2024/1933
Tenor 13-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 2,04,960 Amount allotted (in ₹ crore) 1,00,004 Cut off Rate (%) 6.62 Weighted Average Rate (%) 6.64 Partial Allotment Percentage of bids received at cut off rate (%) 33.27 Ajit Prasad Director (Communications) Press Release: 2023-2024/1925
Tenor 13-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 2,04,960 Amount allotted (in ₹ crore) 1,00,004 Cut off Rate (%) 6.62 Weighted Average Rate (%) 6.64 Partial Allotment Percentage of bids received at cut off rate (%) 33.27 Ajit Prasad Director (Communications) Press Release: 2023-2024/1925
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 26, 2024, Monday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 26, 2024, Monday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 23, 2024, Friday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 23, 2024, Friday, as under:
The forty seventh meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during February 6 to 8, 2024.
The forty seventh meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during February 6 to 8, 2024.
The Reserve Bank has today released data on Reserve Money for the week ended February 16, 2024 and Money Supply for the fortnight ended February 09, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1911
The Reserve Bank has today released data on Reserve Money for the week ended February 16, 2024 and Money Supply for the fortnight ended February 09, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1911
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 68,640 Amount allotted (in ₹ crore) 50,003 Cut off Rate (%) 6.55 Weighted Average Rate (%) 6.60 Partial Allotment Percentage of bids received at cut off rate (%) 91.19 Ajit Prasad Director (Communications) Press Release: 2023-2024/1900
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 68,640 Amount allotted (in ₹ crore) 50,003 Cut off Rate (%) 6.55 Weighted Average Rate (%) 6.60 Partial Allotment Percentage of bids received at cut off rate (%) 91.19 Ajit Prasad Director (Communications) Press Release: 2023-2024/1900
Result of the 7-day Variable Rate Repo (VRR) auction held on February 16, 2024 Tenor 7-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,36,986 Amount allotted (in ₹ crore) 75,007 Cut off Rate (%) 6.60
Result of the 7-day Variable Rate Repo (VRR) auction held on February 16, 2024 Tenor 7-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,36,986 Amount allotted (in ₹ crore) 75,007 Cut off Rate (%) 6.60
In view of transient frictional liquidity imbalances expected during February 20-23, 2024, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 20, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:30 AM to 11:00 AM February 23, 2024 (Friday)
In view of transient frictional liquidity imbalances expected during February 20-23, 2024, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 20, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:30 AM to 11:00 AM February 23, 2024 (Friday)
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 16, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 7 10:30 AM to 11:00 AM February 23, 2024 (Friday)
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 16, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 7 10:30 AM to 11:00 AM February 23, 2024 (Friday)
The Reserve Bank has today released data on Reserve Money for the week ended February 09, 2024.
The Reserve Bank has today released data on Reserve Money for the week ended February 09, 2024.
Tenor 2-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 1,11,456 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 72.39 Ajit Prasad Director (Communications) Press Release: 2023-2024/1875
Tenor 2-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 1,11,456 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 72.39 Ajit Prasad Director (Communications) Press Release: 2023-2024/1875
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 14, 2024, Wednesday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 14, 2024, Wednesday, as under:
Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 97,280 Amount allotted (in ₹ crore) 25,004 Cut off Rate (%) 6.66 Weighted Average Rate (%) 6.68 Partial Allotment Percentage of bids received at cut off rate (%)
Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 97,280 Amount allotted (in ₹ crore) 25,004 Cut off Rate (%) 6.66 Weighted Average Rate (%) 6.68 Partial Allotment Percentage of bids received at cut off rate (%)
On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on February 12, 2024, Monday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on February 12, 2024, Monday, as under:
Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 1,23,310 Amount allotted (in ₹ crore) 25,007 Cut off Rate (%) 6.70 Weighted Average Rate (%) 6.71 Partial Allotment Percentage of bids received at cut off rate (%) 95.13
Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 1,23,310 Amount allotted (in ₹ crore) 25,007 Cut off Rate (%) 6.70 Weighted Average Rate (%) 6.71 Partial Allotment Percentage of bids received at cut off rate (%) 95.13
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 12, 2024, Monday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 12, 2024, Monday, as under:
Tenor 3-day Notified Amount (in ₹ crore) 40,000 Total amount of bids received (in ₹ crore) 35,120 Amount allotted (in ₹ crore)
Tenor 3-day Notified Amount (in ₹ crore) 40,000 Total amount of bids received (in ₹ crore) 35,120 Amount allotted (in ₹ crore)
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 09, 2024, Friday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 09, 2024, Friday, as under:
Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 2,42,004 Amount allotted (in ₹ crore) 1,75,008 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.73 Partial Allotment Percentage of bids received at cut off rate (%) 23.01
Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 2,42,004 Amount allotted (in ₹ crore) 1,75,008 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.73 Partial Allotment Percentage of bids received at cut off rate (%) 23.01
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 09, 2024, Friday, as under
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 09, 2024, Friday, as under
This Statement sets out various developmental and regulatory policy measures relating to (i) Financial Markets; (ii) Regulations; and (iii) Payment Systems and Fintech. (I) Financial Markets 1. Review of the Regulatory Framework for Electronic Trading Platforms
This Statement sets out various developmental and regulatory policy measures relating to (i) Financial Markets; (ii) Regulations; and (iii) Payment Systems and Fintech. (I) Financial Markets 1. Review of the Regulatory Framework for Electronic Trading Platforms
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 8, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (February 8, 2024) decided to: Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
This is the first monetary policy statement of 2024, a momentous year for the Reserve Bank of India which enters its 90th year of existence and operations on April 1. Over the years, the Reserve Bank has established itself as a credible institution which stands for stability, trust and economic progress. In recent years, it has become a pioneer in fostering innovation and technology in the financial system. Customer centricity and financial inclusion have always been its priorities. The Reserve Bank’s tireless efforts towards maintaining a fine balance among price stability, financial stability and external sector stability have paid rich dividends as the country embarks on a higher growth trajectory in the years to come. As India gains a pole position in the new global order, the contribution of the Reserve Bank is getting widely recognised in India and abroad.
This is the first monetary policy statement of 2024, a momentous year for the Reserve Bank of India which enters its 90th year of existence and operations on April 1. Over the years, the Reserve Bank has established itself as a credible institution which stands for stability, trust and economic progress. In recent years, it has become a pioneer in fostering innovation and technology in the financial system. Customer centricity and financial inclusion have always been its priorities. The Reserve Bank’s tireless efforts towards maintaining a fine balance among price stability, financial stability and external sector stability have paid rich dividends as the country embarks on a higher growth trajectory in the years to come. As India gains a pole position in the new global order, the contribution of the Reserve Bank is getting widely recognised in India and abroad.
The Reserve Bank has today released data on Reserve Money for the week ended February 02, 2024 and Money Supply for the fortnight ended January 26, 2024.
The Reserve Bank has today released data on Reserve Money for the week ended February 02, 2024 and Money Supply for the fortnight ended January 26, 2024.
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 11,829 Amount accepted (in ₹ crore) 11,829 Cut off Rate (%)6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 11,829 Amount accepted (in ₹ crore) 11,829 Cut off Rate (%)6.49 Weighted Average Rate (%) 6.49 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 second Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 96,093 Amount accepted (in ₹ crore) 50,019 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 44.29 Ajit Prasad Director (Communications) Press Release: 2023-2024/1817
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 96,093 Amount accepted (in ₹ crore) 50,019 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 44.29 Ajit Prasad Director (Communications) Press Release: 2023-2024/1817
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 07, 2024, Wednesday, as under:
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 41,804 Amount accepted (in ₹ crore) 41,804 Cut off Rate (%) 6.49 Weighted Average Rate (%)
Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 41,804 Amount accepted (in ₹ crore) 41,804 Cut off Rate (%) 6.49 Weighted Average Rate (%)
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 27,538 Amount accepted (in ₹ crore) 27,538 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1806
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 27,538 Amount accepted (in ₹ crore) 27,538 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1806
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on February 06, 2024, Tuesday, as under:
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 18,750 Amount accepted (in ₹ crore) 18,750 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1803
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 18,750 Amount accepted (in ₹ crore) 18,750 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1803
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 05, 2024, Monday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 05, 2024, Monday, as under:
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 3,975 Amount accepted (in ₹ crore) 3,975 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1789
Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 3,975 Amount accepted (in ₹ crore) 3,975 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1789
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 02, 2024, Friday, as under:
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on February 02, 2024, Friday, as under:
The Reserve Bank has today released data on Reserve Money for the week ended January 26, 2024. Ajit Prasad Director (Communications) Press Release: 2023-24/1775
The Reserve Bank has today released data on Reserve Money for the week ended January 26, 2024. Ajit Prasad Director (Communications) Press Release: 2023-24/1775
Based on an assessment of the prevailing and evolving liquidity conditions, the Reserve Bank of India has decided that an additional aggregate amount of ₹5,000 crore will be made available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the prevailing repo rate starting from January 31, 2024. The incremental limits for individual SPDs is being conveyed to them separately. All other terms and conditions of the facility shall remain unchanged.
Based on an assessment of the prevailing and evolving liquidity conditions, the Reserve Bank of India has decided that an additional aggregate amount of ₹5,000 crore will be made available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the prevailing repo rate starting from January 31, 2024. The incremental limits for individual SPDs is being conveyed to them separately. All other terms and conditions of the facility shall remain unchanged.
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore)
Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore)
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 30, 2024, Tuesday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 30, 2024, Tuesday, as under:
Tenor 2-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 73,290 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.74 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate (%) 44.99 Ajit Prasad Director (Communications) Press Release: 2023-2024/1754
Tenor 2-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 73,290 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.74 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate (%) 44.99 Ajit Prasad Director (Communications) Press Release: 2023-2024/1754
The Reserve Bank has today released data on Money Supply for the fortnight ended January 12, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1746
The Reserve Bank has today released data on Money Supply for the fortnight ended January 12, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1746
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 29, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 2 10:30 AM to 11:00 AM January 31, 2024 (Wednesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 29, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 2 10:30 AM to 11:00 AM January 31, 2024 (Wednesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.
Result of the 15-day Variable Rate Repo auction held on January 25, 2024 Tenor 15-day Notified Amount (in ₹ crore) 2,50,000 Total amount of bids received (in ₹ crore) 3,08,024 Amount allotted (in ₹ crore) 2,50,010
Result of the 15-day Variable Rate Repo auction held on January 25, 2024 Tenor 15-day Notified Amount (in ₹ crore) 2,50,000 Total amount of bids received (in ₹ crore) 3,08,024 Amount allotted (in ₹ crore) 2,50,010
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 25, 2024, Friday as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 25, 2024, Friday as under:
The Reserve Bank has today released data on Reserve Money for the week ended January 19, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1734
The Reserve Bank has today released data on Reserve Money for the week ended January 19, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1734
Result of the 2-day Variable Rate Repo auction held on January 23, 2024
Result of the 2-day Variable Rate Repo auction held on January 23, 2024
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 23, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 2 10:30 AM to 11:00 AM
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 23, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 2 10:30 AM to 11:00 AM
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 22, 2024, Monday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 22, 2024, Monday, as under:
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,35,211 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.73 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate (%) 49.64 Ajit Prasad Director (Communications) Press Release: 2023-2024/1705
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,35,211 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.73 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate (%) 49.64 Ajit Prasad Director (Communications) Press Release: 2023-2024/1705
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 19, 2024, Friday, as under: Sl. No. Notified Amount
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 19, 2024, Friday, as under: Sl. No. Notified Amount
The Reserve Bank has today released data on Reserve Money for the week ended January 12, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1690
The Reserve Bank has today released data on Reserve Money for the week ended January 12, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/1690
Tenor 13-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 3,92,484 Amount allotted (in ₹ crore) 1,75,010 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.72 Partial Allotment Percentage of bids received at cut off rate (%) 65.40 Ajit Prasad Director (Communications) Press Release: 2023-2024/1661
Tenor 13-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 3,92,484 Amount allotted (in ₹ crore) 1,75,010 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.72 Partial Allotment Percentage of bids received at cut off rate (%) 65.40 Ajit Prasad Director (Communications) Press Release: 2023-2024/1661
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 12, 2024, Friday, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 12, 2024, Friday, as under:
The Reserve Bank has today released data on Reserve Money for the week ended January 05, 2024 and Money Supply for the fortnight ended December 29, 2023. Ajit Prasad Director (Communications)
The Reserve Bank has today released data on Reserve Money for the week ended January 05, 2024 and Money Supply for the fortnight ended December 29, 2023. Ajit Prasad Director (Communications)
Tenor 7-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 2,77,402 Amount allotted (in ₹ crore) 1,00,009 Cut off Rate (%) 6.68 Weighted Average Rate (%) 6.69 Partial Allotment Percentage of bids received at cut off rate (%) 36.68
Tenor 7-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 2,77,402 Amount allotted (in ₹ crore) 1,00,009 Cut off Rate (%) 6.68 Weighted Average Rate (%) 6.69 Partial Allotment Percentage of bids received at cut off rate (%) 36.68
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 05, 2024, Friday as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 7 10:30 AM to 11:00 AM January 12, 2024 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on January 05, 2024, Friday as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 7 10:30 AM to 11:00 AM January 12, 2024 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022
The Reserve Bank has today released data on Reserve Money for the week ended December 29, 2023. Ajit Prasad Director (Communications)
The Reserve Bank has today released data on Reserve Money for the week ended December 29, 2023. Ajit Prasad Director (Communications)
The Reserve Bank has today released data on Money Supply for the fortnight ended December 15, 2023.
The Reserve Bank has today released data on Money Supply for the fortnight ended December 15, 2023.
Result of the 7-day Variable Rate Repo auction held on December 29, 2023 Tenor 7-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 3,01,274 Amount allotted (in ₹ crore) 1,25,020 Cut off Rate (%) 6.73 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate
Result of the 7-day Variable Rate Repo auction held on December 29, 2023 Tenor 7-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 3,01,274 Amount allotted (in ₹ crore) 1,25,020 Cut off Rate (%) 6.73 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on December 29, 2023, Friday, in lieu of the main operation, as under:
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on December 29, 2023, Friday, in lieu of the main operation, as under:
Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,58,399 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.73
Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,58,399 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.73
The Reserve Bank has today released data on Reserve Money for the week ended December 22, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1552
The Reserve Bank has today released data on Reserve Money for the week ended December 22, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1552
Currently, recourse to the Standing Deposit Facility (SDF) and the Marginal Standing Facility (MSF) is available on an overnight basis on all days, including Sundays and holidays, but reversal is permitted only on the next working day in Mumbai. As announced in the Governor’s Statement dated December 08, 2023, it has been decided to allow reversal of liquidity facilities under both SDF and MSF even during weekends and holidays with effect from December 30, 2023. The SDF/MSF bids triggered under the Automated Sweep-In and Sweep-Out (ASISO) facility will now reverse on the next calendar day. In the case of a manual bid placed through the e-Kuber portal, the choice with regard to tenor will be exercisable by the eligible entities at the time of placing of bid. Access to SDF/MSF will continue to be available on all days, including Sundays and holidays.
Currently, recourse to the Standing Deposit Facility (SDF) and the Marginal Standing Facility (MSF) is available on an overnight basis on all days, including Sundays and holidays, but reversal is permitted only on the next working day in Mumbai. As announced in the Governor’s Statement dated December 08, 2023, it has been decided to allow reversal of liquidity facilities under both SDF and MSF even during weekends and holidays with effect from December 30, 2023. The SDF/MSF bids triggered under the Automated Sweep-In and Sweep-Out (ASISO) facility will now reverse on the next calendar day. In the case of a manual bid placed through the e-Kuber portal, the choice with regard to tenor will be exercisable by the eligible entities at the time of placing of bid. Access to SDF/MSF will continue to be available on all days, including Sundays and holidays.
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on December 27, 2023, Wednesday, as under:
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on December 27, 2023, Wednesday, as under:
The forty sixth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 6 to 8, 2023.
The forty sixth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 6 to 8, 2023.
Result of the 7-day Variable Rate Repo auction held on December 22, 2023 Tenor 7-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 4,25,154 Amount allotted (in ₹ crore) 1,75,013 Cut off Rate (%) 6.68 Weighted Average Rate (%) 6.70
Result of the 7-day Variable Rate Repo auction held on December 22, 2023 Tenor 7-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 4,25,154 Amount allotted (in ₹ crore) 1,75,013 Cut off Rate (%) 6.68 Weighted Average Rate (%) 6.70
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on December 22, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on December 22, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal
The Reserve Bank has today released data on Reserve Money for the week ended December 15, 2023.
The Reserve Bank has today released data on Reserve Money for the week ended December 15, 2023.
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
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
The 14-day VRRR auction conducted on December 01, 2023 and subscribed for ₹22,468 crore is maturing and allowed to be reversed on December 15, 2023. Furthermore, in view of likely outflows from the banking system on account of advance tax and GST payments, it has been decided to conduct a 7-day Variable Rate Repo auction on December 15, 2023, Friday, in lieu of the main operation, as under:
The 14-day VRRR auction conducted on December 01, 2023 and subscribed for ₹22,468 crore is maturing and allowed to be reversed on December 15, 2023. Furthermore, in view of likely outflows from the banking system on account of advance tax and GST payments, it has been decided to conduct a 7-day Variable Rate Repo auction on December 15, 2023, Friday, in lieu of the main operation, as under:
The Reserve Bank has today released data on Reserve Money for the week ended December 08, 2023 and Money Supply for the fortnight ended December 01, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1473
The Reserve Bank has today released data on Reserve Money for the week ended December 08, 2023 and Money Supply for the fortnight ended December 01, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1473
In our monetary policy statement of April 2016, we stated that we would watch macroeconomic and financial developments in the months ahead with a view to responding as space opens up. Incoming data since then show a sharper-than-anticipated upsurge in inflationary pressures emanating from a number of food items (beyond seasonal effects), as well as a reversal in commodity prices. A strong monsoon, continued astute food management, as well as steady expansion in supply
In our monetary policy statement of April 2016, we stated that we would watch macroeconomic and financial developments in the months ahead with a view to responding as space opens up. Incoming data since then show a sharper-than-anticipated upsurge in inflationary pressures emanating from a number of food items (beyond seasonal effects), as well as a reversal in commodity prices. A strong monsoon, continued astute food management, as well as steady expansion in supply
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (October 6, 2023) decided to:
- Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
- The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
The main considerations underlying the decision are set out in the statement below.
Assessment
Global Economy
2. Global growth is losing momentum. Inflation is easing gradually but remains well above target in major economies. Concerns about higher for longer rates are imparting volatility to global financial markets. Sovereign bond yields have hardened, the US dollar has appreciated, and equity markets have corrected. Emerging market economies (EMEs) are experiencing currency depreciation and volatile capital flows.
Domestic Economy
3. Real gross domestic product (GDP) posted a growth of 7.8 per cent year-on-year (y-o-y) in Q1:2023-24 (April-June), underpinned by private consumption and investment demand.
4. South-west monsoon rainfall recovered during September and ended 6 per cent below the long period average. The acreage under kharif crops was 0.2 per cent higher than a year ago. The index of industrial production rose by 5.7 per cent in July; core industries output expanded by 12.1 per cent in August. Purchasing managers’ indices (PMIs) and other high frequency indicators of the services sector exhibited healthy expansion in August-September.
5. On the demand front, urban consumption is buoyant while rural demand is showing signs of revival. Investment activity is benefitting from public sector capex. Strong growth is seen in steel consumption, cement production as well as in imports and production of capital goods. Merchandise exports and non-oil non-gold imports remained in contraction in August, although the pace of decline eased. Services exports improved in August.
6. CPI headline inflation surged by 2.6 percentage points to 7.4 per cent in July due to spike in vegetable prices, before moderating somewhat in August to 6.8 per cent. Fuel inflation edged up to 4.3 per cent in August. Core inflation (i.e., CPI excluding food and fuel) softened to 4.9 per cent during July-August 2023.
7. As on September 22, 2023, money supply (M3) expanded by 10.8 per cent (y-o-y) and bank credit grew by 15.3 per cent. India’s foreign exchange reserves stood at US$ 586.9 billion as on September 29, 2023.
On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (October 6, 2023) decided to:
- Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
The standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
- The MPC also decided to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.
These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
The main considerations underlying the decision are set out in the statement below.
Assessment
Global Economy
2. Global growth is losing momentum. Inflation is easing gradually but remains well above target in major economies. Concerns about higher for longer rates are imparting volatility to global financial markets. Sovereign bond yields have hardened, the US dollar has appreciated, and equity markets have corrected. Emerging market economies (EMEs) are experiencing currency depreciation and volatile capital flows.
Domestic Economy
3. Real gross domestic product (GDP) posted a growth of 7.8 per cent year-on-year (y-o-y) in Q1:2023-24 (April-June), underpinned by private consumption and investment demand.
4. South-west monsoon rainfall recovered during September and ended 6 per cent below the long period average. The acreage under kharif crops was 0.2 per cent higher than a year ago. The index of industrial production rose by 5.7 per cent in July; core industries output expanded by 12.1 per cent in August. Purchasing managers’ indices (PMIs) and other high frequency indicators of the services sector exhibited healthy expansion in August-September.
5. On the demand front, urban consumption is buoyant while rural demand is showing signs of revival. Investment activity is benefitting from public sector capex. Strong growth is seen in steel consumption, cement production as well as in imports and production of capital goods. Merchandise exports and non-oil non-gold imports remained in contraction in August, although the pace of decline eased. Services exports improved in August.
6. CPI headline inflation surged by 2.6 percentage points to 7.4 per cent in July due to spike in vegetable prices, before moderating somewhat in August to 6.8 per cent. Fuel inflation edged up to 4.3 per cent in August. Core inflation (i.e., CPI excluding food and fuel) softened to 4.9 per cent during July-August 2023.
7. As on September 22, 2023, money supply (M3) expanded by 10.8 per cent (y-o-y) and bank credit grew by 15.3 per cent. India’s foreign exchange reserves stood at US$ 586.9 billion as on September 29, 2023.
December 8, 2023 Statement on Developmental and Regulatory Policies This Statement sets out various developmental and regulatory policy measures relating to (i) Financial Markets; (ii) Regulations; and (iii) Payment Systems and Fintech.
December 8, 2023 Statement on Developmental and Regulatory Policies This Statement sets out various developmental and regulatory policy measures relating to (i) Financial Markets; (ii) Regulations; and (iii) Payment Systems and Fintech.
As 2023 comes to an end and a new year begins, the long-awaited normality still eludes the global economy. The years 2020 to 2023 will perhaps go down in history as the period of ‘Great Volatility’, comprising a host of black swan events in quick succession. The global economy is showing signs of slowdown, though unevenly across geographies and sectors. The Emerging Market Economies (EMEs) as a group have remained resilient during the current bout of volatility, unlike previous episodes. While headline inflation has receded from the highs of last year, it remains above target in many countries. Core inflation continues to be sticky, impeding the last mile of disinflation. Major central banks have kept rates on hold while refraining from forward guidance in view of the prevailing uncertainties. Financial markets remain volatile in their quest for definitive signals about the future path of interest rates.
As 2023 comes to an end and a new year begins, the long-awaited normality still eludes the global economy. The years 2020 to 2023 will perhaps go down in history as the period of ‘Great Volatility’, comprising a host of black swan events in quick succession. The global economy is showing signs of slowdown, though unevenly across geographies and sectors. The Emerging Market Economies (EMEs) as a group have remained resilient during the current bout of volatility, unlike previous episodes. While headline inflation has receded from the highs of last year, it remains above target in many countries. Core inflation continues to be sticky, impeding the last mile of disinflation. Major central banks have kept rates on hold while refraining from forward guidance in view of the prevailing uncertainties. Financial markets remain volatile in their quest for definitive signals about the future path of interest rates.
The Reserve Bank has today released data on Reserve Money for the week ended December 01, 2023.
The Reserve Bank has today released data on Reserve Money for the week ended December 01, 2023.
Tenor 14-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 22,468 Amount accepted (in ₹ crore) 22,468 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1389
Tenor 14-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 22,468 Amount accepted (in ₹ crore) 22,468 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/1389
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on December 01, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 14 10:30 AM to 11:00 AM December 15, 2023 (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. Ajit Prasad Director (Communications) Press Release: 2023-2024/1374
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on December 01, 2023, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 14 10:30 AM to 11:00 AM December 15, 2023 (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. Ajit Prasad Director (Communications) Press Release: 2023-2024/1374
Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about 93 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 15.3 per cent in September 20233 as compared with 16.9 per cent a year ago. Highlights of the sectoral deployment of bank credit3 are given below:
Data on sectoral deployment of bank credit for the month of September 20231 collected from 40 select scheduled commercial banks, accounting for about 93 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 15.3 per cent in September 20233 as compared with 16.9 per cent a year ago. Highlights of the sectoral deployment of bank credit3 are given below:
The Reserve Bank has today released data on Money Supply for the fortnight ended November 17, 2023 Ajit Prasad Director (Communications) Press Release: 2023-2024/664
The Reserve Bank has today released data on Money Supply for the fortnight ended November 17, 2023 Ajit Prasad Director (Communications) Press Release: 2023-2024/664
The Reserve Bank has today released data on Reserve Money for the week ended November 24, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1368
The Reserve Bank has today released data on Reserve Money for the week ended November 24, 2023. Ajit Prasad Director (Communications) Press Release: 2023-2024/1368
The Reserve Bank has today released data on Reserve Money for the week ended November 17, 2023. Shweta Sharma Deputy General Manager Press Release: 2023-2024/1335
The Reserve Bank has today released data on Reserve Money for the week ended November 17, 2023. Shweta Sharma Deputy General Manager Press Release: 2023-2024/1335
Tenor 14-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 22,442 Amount accepted (in ₹ crore) 22,442 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49
Tenor 14-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 22,442 Amount accepted (in ₹ crore) 22,442 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on November 17, 2023, Friday, as under:
Sl. No. Notified Amount
(₹ crore) Tenor
(day) Window Timing Date of Reversal
1 50,000 14 10:30 AM to 11:00 AM December 01, 2023
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on November 17, 2023, Friday, as under:
Sl. No. Notified Amount
(₹ crore) Tenor
(day) Window Timing Date of Reversal
1 50,000 14 10:30 AM to 11:00 AM December 01, 2023
The Reserve Bank has today released data on Reserve Money for the week ended November 10, 2023 and Money Supply for the fortnight ended November 03, 2023.
The Reserve Bank has today released data on Reserve Money for the week ended November 10, 2023 and Money Supply for the fortnight ended November 03, 2023.
The Reserve Bank has today released data on Reserve Money for the week ended November 03, 2023. Shweta Sharma Deputy General Manager Press Release: 2023-2024/1265
The Reserve Bank has today released data on Reserve Money for the week ended November 03, 2023. Shweta Sharma Deputy General Manager Press Release: 2023-2024/1265
પેજની છેલ્લી અપડેટની તારીખ: ઑગસ્ટ 23, 2024