Press Releases - ಆರ್ಬಿಐ - Reserve Bank of India
Press Releases
7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹8,000 crore₹14,000 crore₹11,000 crore II.Cut off Price / Implicit Yield at cut-off99.50/7.1878%100.15/7.1575%99.48/7.3419% III.Amount accepted in the auction₹8,000 crore₹14,000 crore₹11,000 crore IV.Devolvement on Primary Dealers Ajit Prasad Director (Communications) Press Release: 2023-2024/884
7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹8,000 crore₹14,000 crore₹11,000 crore II.Cut off Price / Implicit Yield at cut-off99.50/7.1878%100.15/7.1575%99.48/7.3419% III.Amount accepted in the auction₹8,000 crore₹14,000 crore₹11,000 crore IV.Devolvement on Primary Dealers Ajit Prasad Director (Communications) Press Release: 2023-2024/884
Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore II.Underwriting Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore III.Competitive Bids Received (i) Number132208203 (ii) Amount₹19552 Crore₹31590.250 Crore₹26010.798 Crore IV.Cut-off price / Yield99.50100.1599.48(YTM: 7.1878%)(YTM: 7.1575%)(YTM: 7.3419%) V.Competitive Bids Accepted
Auction Results7.06% GS 20287.18% GS 20337.30% GS 2053 I.Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore II.Underwriting Notified Amount₹8000 Crore₹14000 Crore₹11000 Crore III.Competitive Bids Received (i) Number132208203 (ii) Amount₹19552 Crore₹31590.250 Crore₹26010.798 Crore IV.Cut-off price / Yield99.50100.1599.48(YTM: 7.1878%)(YTM: 7.1575%)(YTM: 7.3419%) V.Competitive Bids Accepted
In pursuance of Governor’s Monetary Policy Statement of August 10, 2023, scheduled banks were required to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. The measure was intended to absorb the surplus liquidity generated by various factors, including the return of ₹2000 notes to the banking system. It was indicated that the I-CRR is a temporary measure for managing the liquidity overhang and that the I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season.
On a review, it has been decided to discontinue the I-CRR in a phased manner. Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner. The release of funds would be as follows:
DateAmount to be released (₹ crore)
September 9, 202325 per cent of the I-CRR maintained
September 23, 202325 per cent of the I-CRR maintained
October 7, 202350 per cent of the I-CRR maintained
Details relating to the winding down of the I-CRR are being notified separately.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/886
In pursuance of Governor’s Monetary Policy Statement of August 10, 2023, scheduled banks were required to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023. The measure was intended to absorb the surplus liquidity generated by various factors, including the return of ₹2000 notes to the banking system. It was indicated that the I-CRR is a temporary measure for managing the liquidity overhang and that the I-CRR will be reviewed on September 8, 2023 or earlier with a view to returning the impounded funds to the banking system ahead of the festival season.
On a review, it has been decided to discontinue the I-CRR in a phased manner. Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR would be released in stages so that system liquidity is not subjected to sudden shocks and money markets function in an orderly manner. The release of funds would be as follows:
DateAmount to be released (₹ crore)
September 9, 202325 per cent of the I-CRR maintained
September 23, 202325 per cent of the I-CRR maintained
October 7, 202350 per cent of the I-CRR maintained
Details relating to the winding down of the I-CRR are being notified separately.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/886
Tenor14-day Notified Amount (in ₹ crore)50,000 Total amount of offers received (in ₹ crore)18,670 Amount accepted (in ₹ crore)18,670 Cut off Rate (%)6.49 Weighted Average Rate (%)6.49 Partial Acceptance Percentage of offers received at cut off rateNA Ajit Prasad Director (Communications) Press Release: 2023-2024/885
Tenor14-day Notified Amount (in ₹ crore)50,000 Total amount of offers received (in ₹ crore)18,670 Amount accepted (in ₹ crore)18,670 Cut off Rate (%)6.49 Weighted Average Rate (%)6.49 Partial Acceptance Percentage of offers received at cut off rateNA Ajit Prasad Director (Communications) Press Release: 2023-2024/885
In the underwriting auctions conducted on September 08, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
(₹ crore)
Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate
(paise per ₹100)
7.06% GS 20288,0004,0113,9898,0000.14
7.18% GS 203314,0007,0146,98614,0000.14
7.30% GS 205311,0005,5025,49811,0000.22
Auction for the sale of securities will be held on September 08, 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/882
In the underwriting auctions conducted on September 08, 2023 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:
(₹ crore)
Nomenclature of the SecurityNotified AmountMinimum Underwriting Commitment (MUC) AmountAdditional Competitive Underwriting Amount AcceptedTotal Amount underwrittenACU Commission Cut-off rate
(paise per ₹100)
7.06% GS 20288,0004,0113,9898,0000.14
7.18% GS 203314,0007,0146,98614,0000.14
7.30% GS 205311,0005,5025,49811,0000.22
Auction for the sale of securities will be held on September 08, 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/882
In terms of Government of India notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated June 14, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series II will be open for subscription during September 11–15, 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. September 06, September 07, and September 08, 2023 works out to ₹5,923/- (Rupees Five thousand nine hundred and twenty three 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 ₹5,873/- (Rupees Five thousand eight hundred and seventy three only) per gram of gold.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/898
In terms of Government of India notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated June 14, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series II will be open for subscription during September 11–15, 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. September 06, September 07, and September 08, 2023 works out to ₹5,923/- (Rupees Five thousand nine hundred and twenty three 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 ₹5,873/- (Rupees Five thousand eight hundred and seventy three only) per gram of gold.
(Yogesh Dayal)
Chief General Manager
Press Release: 2023-2024/898
In terms of GOI Notification F.No.4(16) - W&M/2016 dated February 23, 2017 (SGB 2016-17 Series IV-Issue date March 17, 2017) on Sovereign Gold Bond 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 September 16, 2023 (September 17, 2023 being Sunday).
2. Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity, of the week (Monday-Friday), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on September 16, 2023 (September 17, 2023 being Sunday) shall be ₹5929/- (Rupees Five thousand nine hundred and twenty-nine only) per unit of SGB based on the simple average of closing gold price for the week September 04-08, 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/897
In terms of GOI Notification F.No.4(16) - W&M/2016 dated February 23, 2017 (SGB 2016-17 Series IV-Issue date March 17, 2017) on Sovereign Gold Bond 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 September 16, 2023 (September 17, 2023 being Sunday).
2. Further, the redemption price of SGB shall be based on simple average of closing price of gold of 999 purity, of the week (Monday-Friday), preceding the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). Accordingly, the redemption price for premature redemption due on September 16, 2023 (September 17, 2023 being Sunday) shall be ₹5929/- (Rupees Five thousand nine hundred and twenty-nine only) per unit of SGB based on the simple average of closing gold price for the week September 04-08, 2023.
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/897
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period August 14 – August 18, 2023.
All Figures are in USD Millions
Position
DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward CancelSpotForwardForward CancelSpotSwapForwardSpotSwapForward
Purchases
14-08-20233,4121,79063031463522615,55310,4626596,0682,697310
17-08-20238,1852,7971,07140142136916,61217,8432,3778,8092,554267
18-08-20234,2001,20591421038715613,40517,8181,0598,8473,044360
Sales
14-08-20235,0471,6347783271,05122611,9009,1211,7025,7702,707310
17-08-20237,4302,9661,92140041536914,57617,7162,0108,8512,577267
18-08-20235,5082,28257321339015512,81615,7169938,8903,041360
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/890
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period August 14 – August 18, 2023.
All Figures are in USD Millions
Position
DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward CancelSpotForwardForward CancelSpotSwapForwardSpotSwapForward
Purchases
14-08-20233,4121,79063031463522615,55310,4626596,0682,697310
17-08-20238,1852,7971,07140142136916,61217,8432,3778,8092,554267
18-08-20234,2001,20591421038715613,40517,8181,0598,8473,044360
Sales
14-08-20235,0471,6347783271,05122611,9009,1211,7025,7702,707310
17-08-20237,4302,9661,92140041536914,57617,7162,0108,8512,577267
18-08-20235,5082,28257321339015512,81615,7169938,8903,041360
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/890
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period August 21 – August 25, 2023.
All Figures are in USD Millions
Position
DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward CancelSpotForwardForward CancelSpotSwapForwardSpotSwapForward
Purchases
21-08-20234,0301,0551,38136914825013,44313,2771,4527,3111,972373
22-08-20233,9741,1841,14921717014213,49412,8251,2887,3281,980396
23-08-20233,7491,5071,18741345958617,02511,5162,1548,3062,041581
24-08-20234,0361,08499449927023116,45411,6013,2026,1692,172354
25-08-20234,5141,0651,16724126125614,20813,6672,4378,1592,362664
Sales
21-08-20235,1621,75246540015925212,83214,6771,5427,3061,910372
22-08-20234,6471,71996324217814213,07616,8848377,3651,998397
23-08-20234,0762,1251,16142145060816,60916,9241,4418,3192,045581
24-08-20234,1522,83987449526423115,65416,6112,6496,1482,081354
25-08-20234,1852,77976024726225613,92014,7241,9448,1082,329664
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/891
The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period August 21 – August 25, 2023.
All Figures are in USD Millions
Position
DateMERCHANTINTER BANK
FCY / INRFCY / FCYFCY / INRFCY / FCY
SpotForwardForward CancelSpotForwardForward CancelSpotSwapForwardSpotSwapForward
Purchases
21-08-20234,0301,0551,38136914825013,44313,2771,4527,3111,972373
22-08-20233,9741,1841,14921717014213,49412,8251,2887,3281,980396
23-08-20233,7491,5071,18741345958617,02511,5162,1548,3062,041581
24-08-20234,0361,08499449927023116,45411,6013,2026,1692,172354
25-08-20234,5141,0651,16724126125614,20813,6672,4378,1592,362664
Sales
21-08-20235,1621,75246540015925212,83214,6771,5427,3061,910372
22-08-20234,6471,71996324217814213,07616,8848377,3651,998397
23-08-20234,0762,1251,16142145060816,60916,9241,4418,3192,045581
24-08-20234,1522,83987449526423115,65416,6112,6496,1482,081354
25-08-20234,1852,77976024726225613,92014,7241,9448,1082,329664
(Provisional Data)
Ajit Prasad
Director (Communications)
Press Release: 2023-2024/891
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,900 Crore (Face Value). Sr. No. State Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 - 11 Yield 2 Bihar 2000 - 8 Yield 3 Goa 100 - 10 Yield 4 Haryana 1500 - 10 Yield 1000 - 12 Yield 5 Kerala 1300 - 18 Yield 6 Rajasthan 1000 - 10 Yield 1000 - 16 Yield 500 - 18 Yield 7 Tamil Nadu 2000
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹15,900 Crore (Face Value). Sr. No. State Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Year) Type of Auction 1 Andhra Pradesh 1000 - 11 Yield 2 Bihar 2000 - 8 Yield 3 Goa 100 - 10 Yield 4 Haryana 1500 - 10 Yield 1000 - 12 Yield 5 Kerala 1300 - 18 Yield 6 Rajasthan 1000 - 10 Yield 1000 - 16 Yield 500 - 18 Yield 7 Tamil Nadu 2000
ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ಜುಲೈ 18, 2024