The value of exports and imports of services during June 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) April – 2024 30,332 (17.7) 16,631 (19.1) May – 2024 29,764 (10.3) 16,744 (5.4) June – 2024 28,818 (3.7) 15,021 (-3.8) Notes: (i) Data are provisional; and (ii) Figures in parentheses are growth rates over the corresponding month of the previous year which have been revised on the basis of balance of payments statistics.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of July 2024 are presented in Tables 1 to 7.

The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for January - March of 2023-24.

The Reserve Bank has today released data on Reserve Money for the week ended July 26, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/805

As part of enhancing the robustness of Aadhaar Enabled Payment System (AePS), it was announced in the Statement on Developmental and Regulatory Policies dated February 08, 2024, that the onboarding process of AePS Touchpoint Operators will be streamlined. In recent times, there have been instances of frauds perpetuated through AePS due to identity theft or compromise of customer credentials.

Data on sectoral deployment of bank credit for the month of June 20241 collected from 41 select scheduled commercial banks, accounting for about 95 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 13.9 per cent in June 20243 as compared with 16.3 per cent a year ago due to unfavourable base effect. 

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received   (i)  Number 88 93 120 (ii) Amount ₹19775.550 Crore ₹17547 Crore ₹25880.030 Crore III. Cut-off price / Yield 98.3634 96.7259 93.6506 (YTM:6.6736%) (YTM:6.7885%) (YTM:6.7985%) IV. Competitive Bids Accepted   (i)  Number 40 47 45 (ii) Amount ₹7952.014 Crore ₹5964.270 Crore ₹5983.723 Crore V. Partial Allotment Percentage of Competitive Bids 55.29% 6.91% 24.68% (1 Bid) (1 Bid) (1 Bid)

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3634 (YTM:6.6736%) 96.7259 (YTM: 6.7885%) 93.6506 (YTM: 6.7985%)

Tenor 2-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 7,000 Amount accepted (in ₹ crore) 7,000 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 Variable Rate Reverse Repo (VRRR) auction on July 31, 2024, Wednesday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 2 12:00 Noon to 12:30 PM August 02, 2024 (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. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/799

rnight Segment (I+II+III+IV) 542,589.82 6.38 5.00-6.70 I. Call Money 11,239.34 6.47 5.10-6.55 II. Triparty Repo 371,397.75 6.37 6.27-6.53 III. Market Repo 159,279.73 6.42 5.00-6.62 IV. Repo in Corporate Bond 673.00 6.60 6.60-6.70 B. Term Segment  I. Notice Money** 256.15 6.37 5.95-6.50 II. Term Money@@ 642.50 - 6.75-7.00

The result of the auction of State Government Securities held on July 30, 2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2039 ANDHRA PRADESH 2044 ANDHRA PRADESH 2049 HARYANA 2036 Notified Amount 1000 1000 1000 1500 Tenure

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 1000 1000 7.33 15 1000 1000 7.34 20 1000 1000 7.34 25 2 Haryana 1500 1500 7.34 12 3 Jammu and Kashmir 500 500 7.35 22 4 Kerala 2000 2000 7.30 28 5 Maharashtra 1500 1500 7.27 10 1500 1500 7.30 14 1500 1500 7.30 15 1500 1500 7.33 20

Tenor 3-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 23,855 Amount accepted (in ₹ crore) 23,855 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 Variable Rate Reverse Repo (VRRR) auction on July 30, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 3 11:00 AM to 11:30 AM August 02, 2024 (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.

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 566,290.19 6.38 5.00-6.70 I. Call Money 11,426.68 6.48 5.10-6.55 II. Triparty Repo 387,078.95 6.36 6.23-6.50 III. Market Repo 167,031.56 6.42 5.00-6.60 IV. Repo in Corporate Bond 753.00 6.60 6.60-6.70 B. Term Segment I. Notice Money** 126.40 6.43 6.20-6.50 II. Term Money@@ 611.50 - 6.65-7.15 III. Triparty Repo 1,654.25 6.55 6.55-7.00 IV. Market Repo 1,720.60 6.59 6.56-6.74

Government of India (GOI) has announced the sale (issue/ re-issue) of three dated securities for a notified amount of ₹22,000 crore as per the following details: Sr No    Security    Date of Repayment    Notified Amount (₹ crore)    GoI specific Notification    Auction Date    Settlement Date 1    7.02% GS 2027    May 27, 2027    6,000    F.No.4(3)-B(W&M)/2024 dated July 29, 2024    August 02, 2024 (Friday)    August 05, 2024 (Monday) 2    New GOI SGrB 2034    Aug 05, 2034    6,000 3    New GS 2054    Aug 05, 2054    10,000 Total    22,000    2. GoI will have the option to retain additional subscription up to ₹2,000 crore against each security mentioned above.

Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 41,785 Amount accepted (in ₹ crore) 41,785 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

Today, the Reserve Bank of India released the Report on Currency and Finance (RCF) for the year 2023-24. The theme of the Report is “India’s Digital Revolution”. The Report reflects the views of the contributors and not of the Reserve Bank.

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 - -