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 02, 2024, Tuesday, as under:

As per Section 45ZI of Reserve Bank of India Act, 1934, it has been decided that the Monetary Policy Committee will meet during the 2024-25 on the dates indicated below: Dates of meetings of Monetary Policy Committee for 2024-25

The Reserve Bank has today released data on Reserve Money for the week ended March 22, 2024. Ajit Prasad Director (Communications) Press Release: 2023-2024/2129

Tenor 6-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 1,31,815 Amount allotted (in ₹ crore) 75,002 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 79.87

On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on March 27, 2024, Wednesday, as under:

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 1,52,795 Amount allotted (in ₹ crore) 1,00,003 Cut off Rate (%) 6.69 Weighted Average Rate (%) 6.73 Partial Allotment Percentage of bids received at cut off rate (%) 50.24

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on March 26, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 12:00 Noon to 12:30 PM March 27, 2024 (Wednesday) 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.

Result of the third Variable Rate Repo (VRR) auction held on March 22, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a third Variable Rate Repo (VRR) auction on March 22, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 4 2:15 PM to 2:45 PM March 26, 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.

Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,32,080 Amount allotted (in ₹ crore) 50,005 Cut off Rate (%) 6.74 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate (%) 55.89  Ajit Prasad Director (Communications) Press Release: 2023-2024/2098

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

Tenor 14-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 1,05,925 Amount allotted (in ₹ crore) 25,004 Cut off Rate (%) 6.72 Weighted Average Rate (%) 6.73 Partial Allotment Percentage of bids received at cut off rate (%) 30.37 Ajit Prasad Director (Communications) Press Release: 2023-2024/2096

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on March 22, 2024, Friday, as under:   Sl. No.  Notified Amount (₹ crore)  Tenor (day)  Window Timing  Date of Reversal  1  25,000  14  10:30 AM to 11:00 AM  April 05, 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.

Result of the 5-day Variable Rate Repo (VRR) auction held on March 21, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on March 21, 2024, Thursday, as under:

The Reserve Bank has today released data on Reserve Money for the week ended March 15, 2024 and Money Supply for the fortnight ended March 08, 2024.

Tenor 7-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 76,560 Amount allotted (in ₹ crore) 75,001 Cut off Rate (%) 6.52 Weighted Average Rate (%) 6.65 Partial Allotment Percentage of bids received at cut off rate (%) 50.09 

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on March 15, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 7 02:00 PM to 02:30 PM March 22, 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 1-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 39,670 Amount accepted (in ₹ crore) 39,670 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.48 Partial Acceptance Percentage of offers received at cut off rateNA

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on March 14, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore)