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 05, 2024, Tuesday, as under:

Today, the Reserve Bank of India releases Volume 44, No.1, 2023 of its Occasional Papers, a research journal containing contributions from its staff. This issue contains three articles and four book reviews.

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 26,135 Amount accepted (in ₹ crore) 26,135 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/1991

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate RangeA. Overnight Segment (I+II+III+IV)

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 04, 2024, Monday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing     Date of Reversal
1 75,000 1 12:30 PM to 1:00 PM March 05, 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 3-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 17,900 Amount accepted (in ₹ crore) 17,900 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA  Ajit Prasad Director (Communications) Press Release: 2023-2024/1987  

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 8,306.54 6.47 5.01-6.95 I. Call Money 912.05 6.15 5.50-6.25 II. Triparty Repo 5,669.75 6.45 5.01-6.65 III. Market Repo 994.74 6.60 6.60-6.60 IV. Repo in Corporate Bond 730.00 6.90 6.85-6.95

NEFT system has achieved a milestone on February 29, 2024, by processing 4,10,61,337 transactions, the highest number of transactions processed in a day so far.

The value of exports and imports of services during January 2024 is given in the following table.