On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 23, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 10:00 AM to 10:30 AM December 24, 2024 (Tuesday) 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 fifty second meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 4 to 6, 2024.

The Reserve Bank of India (RBl) has, by an order dated December 12, 2024, imposed a monetary penalty of ₹1.10 lakh (Rupees One Lakh Ten Thousand only) on Raj Rajeshwari Mahila Nagrik Sahakari Bank Maryadit, Shajapur (MP) (the bank), for non-compliance with certain direction issued by RBI on ‘Priority Sector Lending (PSL) - Targets and classification’, and specific directions issued by RBI on making contribution to the Micro and Small Enterprises (MSE) Refinance Fund due to shortfall in achievement of PSL. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 20, 2024, Friday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended December 13, 2024.

<p>Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 23,188 Amount allotted (in ₹ crore) 23,188 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) NA</p>
 

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on December 17, 2024, Tuesday, as under:

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 83,570 Amount allotted (in ₹ crore) 50,005 Cut off Rate (%) 6.54 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 50.42

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 17, 2024, Tuesday, as under:

Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 75,775 Amount allotted (in ₹ crore) 75,775 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 16, 2024, Monday, as under:

Tenor 14-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 79,161 Amount allotted (in ₹ crore) 75,004 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) 78.26

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 13, 2024, Friday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended December 06, 2024 and Money Supply for the fortnight ended November 29, 2024.

Tenor 2-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 62,877 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.65 Partial Allotment Percentage of bids received at cut off rate (%) 74.23

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 11, 2024, Wednesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 40,630 Amount allotted (in ₹ crore) 40,630 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on December 09, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 10:00 AM to 10:30 AM December 10, 2024 (Tuesday) 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.

This Statement sets out various developmental and regulatory policy measures relating to (i) Liquidity and Financial Markets; (ii) Regulation; (iii) Communication; (iv) Financial Inclusion; (v) Payment Systems; and (vi) Fintech. I. Liquidity and Financial Markets 1. Reduction in Cash Reserve Ratio It has been decided to reduce the cash reserve ratio (CRR) of all banks by 50 bps in two equal tranches of 25 bps each to 4.0 per cent of net demand and time liabilities (NDTL) with effect from the fortnight beginning December 14, 2024 and December 28, 2024, respectively.

As we stand at the threshold of 2025, let me reflect upon the eventful journey of 2024. In line with the trend in the last few years, central banks were once again put to the ultimate test to stabilise their economies against continuous, colossal and complex shocks. Central banks are constantly adapting to the new global economic and financial landscape created by geopolitical conflicts, geoeconomic fragmentation, financial market volatility and continuing uncertainties, all of which are testing the resilience of the global economy. The last mile of disinflation is turning out to be prolonged and arduous, both for advanced and emerging market economies (EMEs). Maintaining macroeconomic and financial stability, and building buffers, continue to be the lodestar for the EMEs.

Monetary Policy Decisions After assessing the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 6, 2024) decided to:  Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

The Reserve Bank has today released data on Reserve Money for the week ended November 29, 2024.

Tenor 14-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 2,476 Amount accepted (in ₹ crore) 2,476 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 November 29, 2024, Friday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 52,069 Amount allotted (in ₹ crore) 25,008 Cut off Rate (%) 6.61 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 42.25

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on November 28, 2024, Thursday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended November 22, 2024 and Money Supply for the fortnight ended November 15, 2024.

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 48,957 Amount allotted (in ₹ crore) 25,006 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 18.96

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on November 26, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 11:30 AM to 12:00 Noon November 29, 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.

Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 52,969 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.60 Partial Allotment Percentage of bids received at cut off rate (%) 68.30

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on November 25, 2024, Monday, as under:

As part of commemoration of the Reserve Bank of India’s 90th year since its establishment (RBI@90), a “High-Level Policy Conference of Central Banks from the Global South” was organised during November 21-22, 2024 in Mumbai. The theme of the conference was “Building Synergies” across the central banking fraternity of the Global South. This is the third international conference as part of several conferences and seminars being organised by the Reserve Bank of India during the year. The previous two international conferences on the themes ‘Digital Public Infrastructure and Emerging Technologies’ and Central Banking at Crossroads’ were organised in Bengaluru and New Delhi in the months of August and October 2024, respectively.

Tenor 6-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 35,420 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.58 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 29.19

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on November 22, 2024, Friday, as under:

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 22,565 Amount accepted (in ₹ crore) 22,565 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 November 19, 2024, Tuesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 45,480 Amount accepted (in ₹ crore) 45,480 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 November 18, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 11:45 AM to 12:15 PM November 19, 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 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 28,720 Amount accepted (in ₹ crore) 28,720 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

The Reserve Bank has today released data on Money Supply for the fortnight ended November 01, 2024.

7.04% GS 2029 New GS 2039 7.09% GS 2054 I. Notified Amount ₹14,000 crore ₹13,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.91/6.8026% 6.92% 100.68/7.0339% III. Amount accepted in the auction ₹14,000 crore ₹13,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 15-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 8,405 Amount accepted (in ₹ crore) 8,405 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

The Reserve Bank has today released data on Reserve Money for the week ended November 08, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 49,732 Amount accepted (in ₹ crore) 49,732 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 November 13, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 10:00 AM to 10:30 AM November 14, 2024 (Thursday)

Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 29,150 Amount accepted (in ₹ crore) 29,150 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 November 12, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 2 10:00 AM to 10:30 AM November 14, 2024 (Thursday) 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) 1,75,000 Total amount of offers received (in ₹ crore) 61,960 Amount accepted (in ₹ crore) 61,960 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 November 11, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 3 10:00 AM to 10:30 AM November 14, 2024 (Thursday) 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) 50,000 Total amount of offers received (in ₹ crore) 58,525 Amount accepted (in ₹ crore) 50,013 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rate 71.13

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 08, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 10:00 AM to 10:30 AM November 11, 2024 (Monday)

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 51,230 Amount accepted (in ₹ crore) 51,230 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 November 07, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 11:30 AM to 12:00 Noon November 08, 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.

Tenor 4-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 1,03,355 Amount accepted (in ₹ crore) 1,03,355 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 November 07, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 4 10:00 AM to 10:30 AM November 11, 2024 (Monday) 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.

The Reserve Bank has today released data on Reserve Money for the week ended November 01, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 28,265 Amount accepted (in ₹ crore) 28,265 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 November 06, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 11:15 AM to 11:45 AM November 07, 2024 (Thursday)

Tenor 2-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 70,825 Amount accepted (in ₹ crore) 70,825 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 November 05, 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 November 07, 2024 (Thursday)

Tenor 3-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 74,000 Amount accepted (in ₹ crore) 74,000 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 November 04, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 3 11:00 AM to 11:30 AM November 07, 2024 (Thursday) 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 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 24,697 Amount accepted (in ₹ crore) 24,697 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 October 31, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 14 10:30 AM to 11:00 AM November 14, 2024 (Thursday)

The Reserve Bank has today released data on Reserve Money for the week ended October 25, 2024 and Money Supply for the fortnight ended October 18, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 35,525 Amount accepted (in ₹ crore) 35,525 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 October 30, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 11:00 AM to 11:30 AM October 31, 2024 (Thursday) 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 6-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 48,700 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.55 Weighted Average Rate (%) 6.57 Partial Allotment Percentage of bids received at cut off rate (%) 17.12

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on October 25, 2024, Friday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended October 18, 2024.

The fifty first meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during October 7 to 9, 2024.

Tenor 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 54,755 Amount accepted (in ₹ crore) 54,755 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 October 18, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 3 12:00 Noon to 12:30 PM October 21, 2024 (Monday)

Tenor 13-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 20,073 Amount accepted (in ₹ crore) 20,073 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 October 18, 2024, Friday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 40,385 Amount accepted (in ₹ crore) 40,385 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 October 17, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 12:00 Noon to 12:30 PM October 18, 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.

The Reserve Bank has today released data on Reserve Money for the week ended October 11, 2024 and Money Supply for the fortnight ended October 04, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 38,133 Amount accepted (in ₹ crore) 38,133 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 October 16, 2024, Wednesday, as under:

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 26,060 Amount accepted (in ₹ crore) 26,060 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 October 15, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 11:00 AM to 11:30 AM October 17, 2024 (Thursday) 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 4-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 24,070 Amount accepted (in ₹ crore) 24,070 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 October 14, 2024, Monday, as under:

Tenor 3-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 45,260 Amount accepted (in ₹ crore) 45,260 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 October 11, 2024, Friday, as under

This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; and (ii) Payment Systems. I. Regulations 1. Responsible Lending Conduct – Levy of Foreclosure Charges/ Pre-payment Penalties on Loans

The flexible inflation targeting (FIT) framework has completed 8 years since its introduction in 2016. This is a major structural reform of 21st century in India. It stands out for its committee approach to decision making; transparency of policy making process and communication; accountability hinging upon quantitatively defined inflation target; and operational independence. Over the years, the framework has matured across various interest rate cycles and monetary policy stances.

Monetary Policy Decisions After assessing the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (October 9, 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. The MPC also decided to change the monetary policy stance to ‘neutral’ and to remain unambiguously focused on a durable alignment of inflation with 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 Reserve Bank has today released data on Reserve Money for the week ended October 04, 2024.

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 9,398 Amount accepted (in ₹ crore) 9,398 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 October 08, 2024, Tuesday, as under:

Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 36,825 Amount accepted (in ₹ crore) 36,825 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 October 07, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 11:00 AM to 11:30 AM October 11, 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.

Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 44,275 Amount accepted (in ₹ crore) 44,275 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 October 04, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,75,000 14 10:30 AM to 11:00 AM October 18, 2024 (Friday)

The Reserve Bank has today released data on Reserve Money for the week ended September 27, 2024 and Money Supply for the fortnight ended September 20, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 48,120 Amount accepted (in ₹ crore) 48,120 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 October 03, 2024, Thursday, as under:

Tenor 3-day Notified Amount (in ₹ crore) 1,75,000 Total amount of offers received (in ₹ crore) 93,815 Amount accepted (in ₹ crore) 93,815 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA