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 16, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 11:00 AM to 11:30 AM July 19, 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) 75,000 Total amount of offers received (in ₹ crore) 37,220 Amount accepted (in ₹ crore) 37,220 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 15, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 12:15 PM to 12:45 PM July 19, 2024 (Friday)

Tenor 14-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 9,581 Amount accepted (in ₹ crore) 9,581 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 12, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 14 10:30 AM to 11:00 AM July 26, 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 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 26,560 Amount accepted (in ₹ crore) 25,006 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 93.2

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 11, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 12, 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 July 05, 2024 and Money Supply for the fortnight ended June 28, 2024.

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 10,770 Amount accepted (in ₹ crore) 10,770 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 10, 2024, Wednesday, 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 July 12, 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 3-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 21,310 Amount accepted (in ₹ crore) 21,310 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 09, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 11:00 AM to 11:30 AM July 12, 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) 75,000 Total amount of offers received (in ₹ crore) 22,890 Amount accepted (in ₹ crore) 22,890 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 08, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 11:45 AM to 12:15 PM July 12, 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 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 61,731 Amount accepted (in ₹ crore) 61,731 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 05, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 3 10:30 AM to 11:00 AM July 08, 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.

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 33,020 Amount accepted (in ₹ crore) 33,020 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 04, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 12:45 PM to 1:15 PM July 05, 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 June 28, 2024.

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 25,145 Amount accepted (in ₹ crore) 25,145 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 03, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 12:30 PM to 01:00 PM July 05, 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 3-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 38,227 Amount accepted (in ₹ crore) 38,227 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 02, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 3 12:30 PM to 1:00 PM July 05, 2024 (Friday)

Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 4,200 Amount accepted (in ₹ crore) 4,200 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 01, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 12:45 PM to 01:15 PM July 05, 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 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 88,625 Amount allotted (in ₹ crore) 50,003 Cut off Rate (%) 6.65 Weighted Average Rate (%) 6.69 Partial Allotment Percentage of bids received at cut off rate (%) 18.37

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on June 28, 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 July 01, 2024 (Monday) 2. No Main Operation i.e. 14-day Variable Rate Repo (VRR) / Variable Rate Reverse Repo (VRRR) auction will be conducted on June 28, 2024. 3. 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 June 21, 2024 and Money Supply for the fortnight ended June 14, 2024.

Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 38,890 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.53 Partial Allotment Percentage of bids received at cut off rate (%) 15.82

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on June 24, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 4 12:00 Noon to 12:30 PM June 28, 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 forty ninth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during June 5 to 7, 2024. 2. The meeting was attended by all the members – Dr. Shashanka Bhide, Honorary Senior Advisor, National Council of Applied Economic Research, Delhi; Dr. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai; Prof. Jayanth R. Varma, Professor, Indian Institute of Management, Ahmedabad; Dr. Rajiv Ranjan, Executive Director (the officer of the Reserve Bank nominated by the Central Board under Section 45ZB(2)(c) of the Reserve Bank of India Act, 1934); Dr. Michael Debabrata Patra, Deputy Governor in charge of monetary policy – and was chaired by Shri Shaktikanta Das, Governor. 

Tenor 6-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,64,040 Amount allotted (in ₹ crore) 1,00,005 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 18.78

On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo (VRR) auction on June 21, 2024, Friday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended June 14, 2024.

Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,57,800 Amount allotted (in ₹ crore) 1,00,002 Cut off Rate (%) 6.57 Weighted Average Rate (%) 6.61 Partial Allotment Percentage of bids received at cut off rate (%) 74.56

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on June 18, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 3 11:15 AM to 11:45 AM June 21, 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.   (Puneet Pancholy)    Chief General Manager Press Release: 2024-2025/513

Tenor 14-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,35,514 Amount allotted (in ₹ crore) 75,001 Cut off Rate (%) 6.59 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 12.99

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on June 14, 2024, Friday, as under : Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 14 10:30 AM to 11:00 AM June 28, 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 June 07, 2024 and Money Supply for the fortnight ended May 31, 2024.

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (June 7, 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 remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth.

This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; and (ii) Payment Systems and FinTech. I. Regulations 1. Review of limit of Bulk Deposits for Scheduled Commercial Banks (excluding RRBs), Small Finance Banks and Local Area Banks Banks have discretion to offer differential rate of interest on the bulk deposits as per their requirements and Asset-Liability Management (ALM) projections. The bulk deposits limit was enhanced in the year 2019 for Scheduled Commercial Banks (SCBs) (excluding Regional Rural Banks) and Small Finance Banks (SFBs) as ‘Single Rupee term deposits of ₹2 crore and above’.

In the recent years, the world has gone through one crisis after another; and the pattern continues. Even against this backdrop, the Indian economy exhibits strong fundamentals, together with financial stability and positive growth momentum. Nevertheless, we need to remain vigilant in an unsettled global environment. The new realities brought about by technological advancements; supply chain realignments; trade and financial fragmentation; and climate change pose opportunities as well as challenges. In this milieu, India looks ready to embark upon a new era of transformation aided by a favourable demography, improving productivity and technology, and a conducive policy environment. The confluence of these factors brightens the prospects of sustained high growth in India in the years ahead.

The Reserve Bank has today released data on Reserve Money for the week ended May 31, 2024.

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 2,700 Amount accepted (in ₹ crore) 2,700 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 June 04, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 1:30 PM to 2:00 PM June 07, 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 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 41,730 Amount accepted (in ₹ crore) 41,730 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 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 June 04, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 11:00 AM to 11:30 AM June 07, 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)

Tenor    14-day    Notified Amount (in ₹ crore)    50,000    Total amount of bids received (in ₹ crore)    1,13,915    Amount allotted (in ₹ crore)    50,004    Cut off Rate (%)    6.59    Weighted Average Rate (%)    6.63    Partial Allotment Percentage of bids received at cut off rate (%)    39.19    

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 31, 2024, 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    June 14, 2024 (Friday) 

The Reserve Bank has today released data on Reserve Money for the week ended May 24, 2024 and Money Supply for the fortnight ended May 17, 2024.

Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 97,885 Amount allotted (in ₹ crore) 75,007 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.54 Partial Allotment Percentage of bids received at cut off rate (%) 78.53 Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/378

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 27, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 11:45 AM to 12:15 PM May 31, 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 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,39,365 Amount allotted (in ₹ crore) 1,25,008 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.56 Partial Allotment Percentage of bids received at cut off rate (%) 21.51

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 24, 2024, Friday, as under: Sl. No.    Notified Amount (₹ crore)    Tenor (day)    Window Timing    Date of Reversal 1    1,25,000    3    11:00 AM to 11:30 AM    May 27, 2024 (Monday) 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 May 17, 2024.

Tenor 2-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 71,830 Amount allotted (in ₹ crore) 71,830 Cut off Rate (%) 6.51 Weighted Average Rate (%) 6.63 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 May 22, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 2 11:30 AM to 12:00 Noon May 24, 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 3-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,97,142 Amount allotted (in ₹ crore) 1,25,002 Cut off Rate (%) 6.70 Weighted Average Rate (%) 6.72 Partial Allotment Percentage of bids received at cut off rate (%) 75.63

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 21, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 3 01:15 PM to 01:45 PM May 24, 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 14-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 1,95,115 Amount allotted (in ₹ crore) 1,25,009 Cut off Rate (%) 6.65 Weighted Average Rate (%) 6.68 Partial Allotment Percentage of bids received at cut off rate (%) 61.43

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

The Reserve Bank has today released data on Reserve Money for the week ended May 10, 2024 and Money Supply for the fortnight ended May 03, 2024. Ajit Prasad Deputy General Manager (Communications)

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,09,200 Amount allotted (in ₹ crore) 50,002 Cut off Rate (%) 6.62 Weighted Average Rate (%) 6.64 Partial Allotment Percentage of bids received at cut off rate (%) 13.15

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 14, 2024, Tuesday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 11:45 AM to 12:15 PM May 17, 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. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/298

Tenor 4-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 86,950 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 (%) 20.94

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 13, 2024, Monday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 4 11:30 AM to 12:00 Noon May 17, 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. (Puneet Pancholy) Chief General Manager Press Release: 2024-2025/292

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,19,190 Amount allotted (in ₹ crore) 50,003 Cut off Rate (%) 6.61 Weighted Average Rate (%) 6.64 Partial Allotment Percentage of bids received at cut off rate (%) 9.84

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 09, 2024, Thursday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended May 03, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/267

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 66,050 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 59.09

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 08, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 12:30 PM to 1:00 PM May 09, 2024 (Thursday)

Tenor 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 26,045 Amount accepted (in ₹ crore) 26,045 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 May 06, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 1 12:30 PM to 01:00 PM May 07, 2024 (Tuesday)

Tenor 14-day Notified Amount (in ₹ crore) 1,75,000 Total amount of bids received (in ₹ crore) 1,57,698 Amount allotted (in ₹ crore) 1,57,698 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 May 03, 2024, Friday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended April 26, 2024 and Money Supply for the fortnight ended April 19, 2024.

Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 97,000 Amount allotted (in ₹ crore) 97,000 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.62 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 April 29, 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 April 26, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 2:15 PM to 2:45 PM April 29, 2024 (Monday)  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. (Yogesh Dayal) Chief General Manager Press Release: 2024-2025/182

Tenor    3-day Notified Amount (in ₹ crore)    25,000 Total amount of bids received (in ₹ crore)    26,040 Amount allotted (in ₹ crore)    25,001 Cut off Rate (%)    6.52 Weighted Average Rate (%)    6.61 Partial Allotment Percentage of bids received at cut off rate (%)    31.81 

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,42,875 Amount allotted (in ₹ crore) 50,008 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.65 Partial Allotment Percentage of bids received at cut off rate (%) 51.29

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on April 25, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 4 11:30 AM to 12:00 Noon April 29, 2024 (Monday)

The Reserve Bank has today released data on Reserve Money for the week ended April 19, 2024. Ajit Prasad Press Release: 2024-2025/173 Deputy General Manager (Communications)

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 73,100 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.58 Weighted Average Rate (%) 6.60 Partial Allotment Percentage of bids received at cut off rate (%) 29.7

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

Result of the 7-day Variable Rate Repo (VRR) auction held on April 22, 2024

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

The forty eighth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during April 3 to 5, 2024.

Tenor 14-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,12,273 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 April 19, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 14 10:30 AM to 11:00 AM May 03, 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 April 12, 2024 and Money Supply for the fortnight ended April 05, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/125

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 1,03,930 Amount accepted (in ₹ crore) 75,027 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 69.34

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 18, 2024, Thursday, 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 April 19, 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 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 32,576 Amount accepted (in ₹ crore) 32,576 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 April 16, 2024, Tuesday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended April 5, 2024. Ajit Prasad Director (Communications)

Tenor 14-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 5,511 Amount accepted (in ₹ crore) 5,511 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

This Statement sets out various developmental and regulatory policy measures relating to (i) Financial Markets; (ii) Regulations; and (iii) Payment Systems and FinTech.

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 5, 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.

Earlier this week on April 1, we commemorated the 90th year of the Reserve Bank of India. The journey of this august institution is closely related to the evolution of the Indian economy. Numerous historic events have occurred during these nine decades: nationalisation of the Reserve Bank (1949), the planning era, bank nationalisation, wars, droughts, the fall of the Bretton Woods system, oil shocks, a precarious balance of payments situation and the subsequent market reforms, the Asian and the Global Financial crises, the taper tantrum and finally the COVID-19 pandemic and the geo-political hostilities of the recent years. During this journey, the Reserve Bank was always at the forefront, combining its developmental and regulatory roles, in steering the Indian financial system and the economy towards stability. While doing so, it has discharged its responsibilities with integrity and professionalism.