Financial Markets

The Reserve Bank of India has signed its renewed Statement of Commitment (SoC) to the FX Global Code (“Code”). The Code is a set of global principles of good practice in the FX market developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market. It was developed by a partnership between central banks and market participants from around the globe and was first published in 2017.

Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 48,980 Amount allotted (in ₹ crore) 48,980 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids 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) 6,57,845.66 5.47 4.75-6.55 I. Call Money 18,374.64 5.59 4.75-5.70 II. Triparty Repo 4,35,985.50 5.41 5.00-5.58 III. Market Repo 1,99,774.52 5.57 5.00-5.75 IV. Repo in Corporate Bond 3,711.00 5.77 5.70-6.55 B. Term Segment

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, September