The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 15 – April 19, 2024. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 15-04-2024 4,818 1,504 1,812 453 263 188 15,854 12,892 1,690 7,728 3,420 765 16-04-2024 5,306 2,650 799 372 307 173 18,465 15,137 2,030 7,531 2,379 506 18-04-2024 7,246 1,008 839 487 622 612 18,336 15,372 1,813 9,419 3,061 628 19-04-2024 7,316 961 766 244 324 352 15,893 18,153 2,432 8,038 2,267 282 Sales 15-04-2024 6,561 2,877 592 456 379 188 14,137 14,284 1,215 7,595 3,340 765 16-04-2024 6,140 2,342 1,547 374 457 173 16,287 16,025 2,675 7,533 2,293 507 18-04-2024 6,338 3,241 483 492 606 630 16,729 16,789 2,862 9,467 3,038 632 19-04-2024 4,388 3,896 1,002 241 303 354 13,955 18,803 3,725 8,081 2,248 280

The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period April 08 – April 12, 2024.

Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY  Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 04-02-2024 7,797 1,377 736 363 283 167 17,135 14,513 1,472 6,706 3,665 862 04-03-2024 4,539 2,140 852 298 114 78 20,387 20,960 2,141 6,937 2,663 159 04-04-2024 5,292 1,069 849 248 207 148 15,882 14,809 1,901 5,838 2,343 188 04-05-2024 7,268 960 955 284 226 138 18,683 16,947 1,811 6,332 2,433 372

The 608th meeting of the Central Board of Directors of Reserve Bank of India was held today at Mumbai under the Chairmanship of Shri Shaktikanta Das, Governor.  The Board reviewed the global and domestic economic scenario, including risks to the outlook. The Board also discussed the working of the Reserve Bank during the year April 2023 – March 2024 and approved the Reserve Bank’s Annual Report and Financial Statements for the year 2023-24. The transferable surplus for the year (2023-24) has been arrived at on the basis of the Economic Capital Framework (ECF) adopted by the Reserve Bank on August 26, 2019 as per recommendations of the Expert Committee to Review the extant Economic Capital Framework of the Reserve Bank of India (Chairman: Dr. Bimal Jalan). The Committee had recommended that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5 to 5.5 per cent of the RBI’s balance sheet.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹4000 Crore ₹4000 Crore ₹4000 Crore II. Competitive Bids Received   (i)  Number 96 85 110 (ii) Amount ₹32087.930 Crore ₹11060.390 Crore ₹18336.740 Crore III. Cut-off price / Yield 98.3200 96.6208 93.4557 (YTM:6.8536%) (YTM:7.014%) (YTM:7.0218%) IV. Competitive Bids Accepted   (i)  Number 3 31 19 (ii) Amount ₹3969.202 Crore ₹3979.525 Crore ₹3977.928 Crore V. Partial Allotment Percentage of Competitive Bids 84.12% 16.54% 69.62% (1 Bid) (1 Bid) (1 Bid) VI. Weighted Average Price/Yield 98.3212 96.6281 93.4608 (WAY: 6.8486%) (WAY: 6.9983%) (WAY: 7.0160%)

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on May 24, 2024. 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

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3200 (YTM: 6.8536%) 96.6208 (YTM: 7.0140%) 93.4557 (YTM: 7.0218%) IV. Total Face Value Accepted ₹4,000 Crore ₹4,000 Crore ₹4,000 Crore

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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 528,731.85 6.72 4.50-7.50 I. Call Money 13,262.43 6.76 5.10-6.85 II. Triparty Repo 351,544.90 6.72 6.50-6.80 III. Market Repo 162,818.52 6.72 4.50-7.00 IV. Repo in Corporate Bond 1,106.00 6.94 6.90-7.50 B. Term Segment I. Notice Money** 200.75 6.57 5.85-6.80 II. Term Money@@ 813.00 - 6.70-7.10