Press Releases

As announced vide the Press Release 2024-2025/1933 dated January 15, 2025 , the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Feb. 23 Feb. 14 Feb. 21 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 14809 25646 22112 -3534 7303 * Data are provisional; difference, if any, is due to rounding off.

Data on sectoral deployment of bank credit for the month of January 2025 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit as on the fortnight ended January 24, 2025 grew at 12.5 per cent (a three-month high) as compared to 16.2 per cent for the corresponding fortnight of the previous year (January 26, 2024).

Auction Results 6.79% GS 2031 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹10,000 crore ₹12,000 crore ₹10,000 crore II. Underwriting Notified Amount ₹10,000 crore ₹12,000 crore ₹10,000 crore III. Competitive Bids Received (i) Number 134 188 237 (ii) Amount ₹23824.000 Crore ₹32585.000 Crore ₹25094.276 Crore IV. Cut-off price / Yield 100.27 100.12 99.35 (YTM:6.7376%) (YTM:6.9053%) (YTM:7.1425%)

Today, the Reserve Bank conducted a USD/INR Buy Sell swap auction for a notified amount of USD 10 billion as announced vide press release dated February 21, 2025.

6.79% GS 2031 6.92% GS 2039 7.09% GS 2054 I. Notified Amount ₹10,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.27/6.7376% 100.12/6.9053% 99.35/7.1425%

Japan and India renewed the Bilateral Swap Arrangement (BSA) effective today (Feb. 28, 2025).  

     The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India signed the second Amendment and Restatement Agreement of the BSA. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars.

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 16,258 Amount allotted (in ₹ crore) 16,258 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) N.A.

In the underwriting auction conducted on February 28, 2025, 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) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,68,518.08 6.23 5.15-6.65 I. Call Money 18,397.29 6.31 5.15-6.40 II. Triparty Repo 3,97,349.95 6.21 5.90-6.32 III. Market Repo 1,51,241.64 6.27 5.75-6.45 IV. Repo in Corporate Bond 1,529.20 6.41 6.40-6.65