Press Releases

The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of May 2024.

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 26,560 Amount accepted (in ₹ crore) 25,006 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate 93.2

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 11, 2024, Thursday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 11:30 AM to 12:00 Noon July 12, 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.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on July 12, 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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 517,951.30 6.41 0.02-8.70 I. Call Money 9,506.65 6.47 5.10-6.60 II. Triparty Repo 354,475.80 6.40 6.25-6.45 III. Market Repo 153,023.85 6.45 0.02-6.60 IV. Repo in Corporate Bond 945.00 6.68 6.65-8.70

Government of India announces the conversion/switch of its securities through auction for an aggregate amount of ₹25,000 crore (face value). The security-wise details of the conversion/switch are given as under:

The Reserve Bank has today released data on Reserve Money for the week ended July 05, 2024 and Money Supply for the fortnight ended June 28, 2024.

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 93 97 144 (ii) Amount ₹30464.460 Crore ₹20506.550 Crore ₹28618.500 Crore III. Cut-off price / Yield 98.3431 96.6879 93.5450 (YTM: 6.7578%) (YTM: 6.8699%) (YTM: 6.9194%)

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 98.3431 (YTM: 6.7578%) 96.6879 (YTM: 6.8699%) 93.5450 (YTM: 6.9194%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 10,770 Amount accepted (in ₹ crore) 10,770 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 July 10, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 11:00 AM to 11:30 AM July 12, 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) 533,905.08 6.41 0.01-8.70 I. Call Money 10,660.39 6.47 5.10-6.55 II. Triparty Repo 361,180.70 6.40 6.16-6.45 III. Market Repo 161,083.99 6.44 0.01-6.85 IV. Repo in Corporate Bond 980.00 6.70 6.65-8.70

The Reserve Bank held a Conference for the Statutory Auditors and Chief Financial Officers (CFOs) of Commercial Banks and All India Financial Institutions on July 9, 2024, in Mumbai. The Conference was a part of the series of supervisory engagements that the Reserve Bank has proactively been having with key stakeholders. The theme of the Conference was ‘Shared Vision, Shared Responsibility: Advancing Assurance in Banking Supervision’. The Conference was attended by over 300 participants.

In consultation with the concerned stakeholders including the Government, the Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country, which was first published in August 2021 for the FY ending March 2021.

The result of the auction of State Government Securities held on July 09, 2024 is as under: (Amount in ₹Crore) GOA 2039 HARYANA 2036 JAMMU AND KASHMIR UT 2049 RAJASTHAN 2034 Notified Amount 100 1000 1000 1000 Tenure 15 12 25 10 Competitive Bids Received (i) No. 38 98 20 99 (ii) Amount 1061.2 6708 2650 7760 Cut-off Yield (%) 7.33 7.32 7.38 7.32 Competitive Bids Accepted (i) No. 4 1 5 3 (ii) Amount 97.691 900 999.54 900

Sr. No. State/UT Amount to be raised (₹Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Goa 100 100 7.33 15 2 Haryana 1000 1000 7.32 12 3 Jammu and Kashmir 1000 1000 7.38 25

Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of offers received (in ₹ crore) 21,310 Amount accepted (in ₹ crore) 21,310 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 July 09, 2024, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 3 11:00 AM to 11:30 AM July 12, 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.

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,61,003.82 6.45 0.01-6.85 I. Call Money 11,306.49 6.54 5.10-6.65 II. Triparty Repo 3,81,965.95 6.43 6.00-6.55 III. Market Repo 1,66,895.38 6.50 0.01-6.85 IV. Repo in Corporate Bond 836.00 6.71 6.70-6.75 B. Term Segment I. Notice Money** 190.90 6.44 6.24-6.65 II. Term Money@@ 491.50 - 6.80-7.15 III. Triparty Repo 1,095.00 6.42 6.31-6.42 IV. Market Repo 2,729.59 6.77 6.74-6.80 V. Repo in Corporate Bond 0.00 - - RBI OPERATIONS@ Auction Date Tenor (Days) Maturity Date Amount Current Rate/Cut off Rate C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF) I Today's Operations 1. Fixed Rate 2. Variable Rate& (I) Main Operation (a) Repo (b) Reverse Repo (II) Fine Tuning Operations (a) Repo

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹22,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (Rs. crore) GoI specific Notification Auction Date Settlement Date 1 7.02% GS 2031 Jun 18, 2031 11,000 F.No.4(3)-B(W&M)/2024 dated July 08, 2024 July 12, 2024 (Friday) July 15, 2024 (Monday) 2 7.34% GS 2064 Apr 22, 2064 11,000 Total 22,000