Press Releases

7.02% GS 2031 7.23% GS 2039 7.46% GS 2073 I. Notified Amount ₹11,000 crore ₹12,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.85/6.8596% 102.47/6.9571% 105.37/7.0665% III. Amount accepted in the auction ₹11,000 crore ₹12,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 93,237 Amount accepted (in ₹ crore) 93,237 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

(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 - -

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on August 16, 2024, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 3 11:00 AM to 11:30 AM August 19, 2024 (Monday)

In the underwriting auctions conducted on August 16, 2024, 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: (₹ crore) Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate (paise per ₹100) 7.02% GS 2031 11,000 5,502 5,498 11,000 0.05 7.23% GS 2039 12,000 6,006 5,994 12,000 0.05 7.46% GS 2073 11,000 5,502 5,498 11,000 0.08 Auction for the sale of securities will be held on August 16, 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 517,475.46 6.38 5.10-6.80 I. Call Money 10,128.90 6.48 5.10-6.60 II. Triparty Repo 351,539.00 6.35 6.25-6.70 III. Market Repo 154,389.56 6.45 5.31-6.60 IV. Repo in Corporate Bond 1,418.00 6.63 6.55-6.80

The Reserve Bank has today released data on Reserve Money for the week ended August 09, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹ 8000 Crore ₹ 6000 Crore ₹ 6000 Crore II. Competitive Bids Received   (i)  Number 84 77 107 (ii) Amount ₹ 19852.420 Crore ₹ 16568.800 Crore ₹ 26286.050 Crore III. Cut-off price / Yield 98.3775 96.7540 93.7158 (YTM:6.6152%) (YTM:6.7282%) (YTM:6.7240%) IV. Competitive Bids Accepted   (i)  Number 50 29 26 (ii) Amount ₹ 7961.697 Crore ₹ 5977.889 Crore ₹ 5987.185 Crore V. Partial Allotment Percentage of Competitive Bids 57.94% 46.88% 42.15% (4 Bids) (1 Bid) (1 Bid) VI. Weighted Average Price/Yield 98.3817 96.7605 93.7206 (WAY: 6.5978%) (WAY: 6.7143%) (WAY: 6.7185%) VII. Non-Competitive Bids Received   (i)  Number 7 4 4 (ii) Amount ₹ 6085.303 Crore ₹ 1022.111 Crore ₹ 2776.675 Crore VIII. Non-Competitive Bids Accepted   (i)  Number 7 4 4 (ii) Amount ₹ 6085.303 Crore ₹ 1022.111 Crore ₹ 2776.675 Crore (iii) Partial Allotment Percentage - - -    Ajit Prasad              Deputy General Manager (Communications)      Press Release: 2024-2025/903

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 7,575 Amount accepted (in ₹ crore) 7,575 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3775 (YTM: 6.6152%) 96.7540 (YTM: 6.7282%) 93.7158 (YTM: 6.7240%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

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 August 14, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 1:00 PM to 1:30 PM August 16, 2024 (Friday)

Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auctions to be held on August 16, 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:

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 22,882 Amount accepted (in ₹ crore) 22,882 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 August 14, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 10:30 AM to 11:00 AM August 16, 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.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 513,673.92 6.37 5.00-6.75 I. Call Money 11,382.33 6.48 5.10-6.55 II. Triparty Repo 355,162.80 6.34 6.18-6.50 III. Market Repo 146,395.79 6.43 5.00-6.75 IV. Repo in Corporate Bond 733.00 6.60 6.55-6.70

In terms of GOI Notification F. No. 4(7) – B (W&M) /2019 dated May 30, 2019 (SGB 2019-20 Series III - Issue date August 14, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranche shall be August 14, 2024.

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹35,000 crore (face value). The security-wise details of the conversion/switch are given as under: Date of Auction Source Securities Amount (FV) of Source Securities (in ₹ crore) Destination Securities August 19, 2024 (Monday) 5.22% GS 2025 (Maturing on Jun 15, 2025) 2,000 7.40% GS 2035 (Maturing on Sep 09, 2035) 8.20% GS 2025 (Maturing on Sep 24, 2025) 4,000 7.40% GS 2035 (Maturing on Sep 09, 2035)

Today, the Reserve Bank released the results of the 2023-24 round of the survey of Foreign Liabilities and Assets of the Mutual Fund (MF) Companies1. The survey covered 45 Indian MF companies (list in Annex) and their Asset Management Companies (AMCs), which held/acquired foreign assets/ liabilities during 2023-24 and/or in the preceding years. The information on face value and market value of units held by non-residents, unit premium reserve, other foreign liabilities and assets of MF companies as at end of the financial year were collected under the survey. The external assets and liabilities of their AMCs were taken from the annual census on foreign liabilities and assets (FLA) of direct investment companies for the reference period. Highlights:

The result of the auction of State Government Securities held on August 13, 2024 is as under: (Amount in ₹Crore) BIHAR 2033 CHHATTISGARH 2028 CHHATTISGARH 2030 GUJARAT 2028 Notified Amount 2000 500 500 1500 Tenure 9 Reissue of 6.82% Chhattisgarh SDL 2028 issued on July 07, 2021 Reissue of 7.40% Chhattisgarh SGS 2030 issued on June 28, 2023 4

Sr. No. State / UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Price (₹) / Yield (%) Tenure (Year) 1. Bihar 2000 2000 7.26 09 2. Chhattisgarh 500 500 99.06 / 7.0974 Reissue of 6.82% Chhattisgarh SDL 2028 issued on July 07, 2021 500 500 101.08 / 7.1688 Reissue of 7.40% Chhattisgarh SGS 2030 issued on June 28, 2023