Press Releases

In the underwriting auctions conducted on November 03, 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:

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    489,926.16 6.72    5.00-7.80 I. Call Money    11,504.01 6.71 5.00-6.85

Auction Results    7.37% GS 2028    7.18% GS 2033    New GS 2073I. Notified Amount ₹7000 Crore ₹13000 Crore ₹10000 CroreII. Underwriting Notified Amount ₹7000 Crore ₹13000 Crore ₹10000 CroreIII. Competitive Bids Received

Tenor 14-dayNotified Amount (in ₹ crore) 50,000Total amount of offers received (in ₹ crore) 20,482Amount accepted (in ₹ crore) 20,482

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹25,750 Crore (Face Value).

Sr. No.State / UTAmount to be raised
(₹ Cr)Additional Borrowing (Greenshoe) Option
(₹ Cr)Tenure
(Year)Type of Auction

1Assam1000-10Yield

2Bihar2000-15Yield

3Goa100-10Yield

4Haryana1000-12Yield

5Jammu and Kashmir900-27Yield

6Karnataka3000-

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on November 03, 2023, Friday, as under:

(Amount in ₹ crore)SCHEDULED COMMERCIAL BANKS(Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS21-Oct-22 06-OCT-2023* 20-OCT-2023* 21-Oct-22 06-OCT-2023*    20-OCT-2023* I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 186189.57 237269.35 239035.24 189070.38 239604.43 244239.27 **

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on November 03, 2023.

As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

(Amount in ₹ crore, Rate in Per cent)MONEY MARKETS@ Volume(One Leg) WeightedAverage Rate RangeA. Overnight Segment (I+II+III+IV)    476,194.62 6.76    5.00-7.85 I. Call Money    11,269.08 6.77 5.50-6.90

The Reserve Bank of India (RBI) has appointed Shri Manoranjan Mishra as Executive Director (ED) with effect from November 01, 2023.

Prior to being promoted as ED, Shri Mishra was serving as Chief General Manager in the Department of Regulation.

Shri Mishra has experience of over three decades in the Reserve Bank having worked in the areas of regulation of banks and NBFCs, supervision of banks and currency management. He has served as a member in several Working Groups at the national and international levels contributing to formulation of regulatory/ supervisory policies.