Press Releases

The Governor, Reserve Bank of India held a meeting on May 08, 2024, with the major stakeholders in the UPI ecosystem viz. Banks, National Payments Corporation of India (NPCI), Third Party Application Providers and Technology Service Providers to discuss potential strategies for further expanding the reach of UPI. The meeting was also attended by Deputy Governor, Shri T. Rabi Sankar along with Senior Officials of RBI. There were wide ranging discussions on various aspects to widen and deepen the adoption and usage of UPI. The stakeholders shared their valuable inputs and suggestions, covering broadly the following:

The Reserve Bank has today released data on Reserve Money for the week ended May 03, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/267

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹7000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 127 90 124 (ii) Amount ₹ 30068.955 Crore ₹ 14016.700 Crore ₹ 20078.855 Crore III. Cut-off price / Yield 98.2848 96.5900 93.3972 (YTM: 6.9997%) (YTM: 7.0802%) (YTM: 7.0890%)

Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 66,050 Amount allotted (in ₹ crore) 25,005 Cut off Rate (%) 6.60 Weighted Average Rate (%) 6.62 Partial Allotment Percentage of bids received at cut off rate (%) 59.09

The Reserve Bank of India has today released the data on Overseas Direct Investment, both under Automatic Route and the Approval Route, for the month of April 2024.

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.2848 (YTM: 6.9997%) 96.5900 (YTM: 7.0802%) 93.3972 (YTM: 7.0890%) IV. Total Face Value Accepted ₹12,000 Crore ₹7,000 Crore ₹8,000 Crore

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 08, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 25,000 1 12:30 PM to 1:00 PM May 09, 2024 (Thursday)

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 476,428.34 6.51 5.00-6.90 I. Call Money 8,785.33 6.54 5.80-6.66 II. Triparty Repo 303,355.00 6.50 6.40-6.55 III. Market Repo 163,171.30 6.53 5.00-6.75 IV. Repo in Corporate Bond 1,116.71 6.72 6.70-6.90 B. Term Segment I. Notice Money** 256.75 6.51 5.80-6.60 II. Term Money@@ 1,030.00 - 6.75-6.85 III. Triparty Repo 0.00 - - IV. Market Repo 443.26 6.70 6.67-6.75 V. Repo in Corporate Bond 0.00 - -

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to July 10, 2020, as modified from time to time, which were last extended up to the close of business on May 10, 2024 vide Directive DOR.MON/D-122/12.23.283/2023-24 dated February 05, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond May 10, 2024.

The result of the auction of State Government Securities held on May 07,2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2037    ANDHRA PRADESH 2038    ANDHRA PRADESH 2042    ANDHRA PRADESH 2043 Notified Amount    500    500    1000    500 Tenure    13    14    18    19 Competitive Bids Received    (i) No.    63    58    41    26 (ii) Amount    2155    2370    3700    2830 Cut off Price (₹)