Press Releases

In the underwriting auctions conducted on February 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:

In view of transient frictional liquidity imbalances expected during February 20-23, 2024, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 20, 2024, Tuesday, as under:  Sl. No.  Notified Amount (₹ crore)  Tenor (day)  Window Timing  Date of Reversal  1  50,000  3  10:30 AM to 11:00 AM  February 23, 2024  (Friday)

MONEY MARKETS@  Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 526,033.69 6.65 5.00-6.90 I. Call Money      11,243.60 6.66 5.00-6.77 II. Triparty Repo  362,756.20 6.64 6.25 -6.75 III. Market Repo    151,393.89 6.68 6.25-6.80 IV. Repo in Corporate Bond  640.00 6.88 6.75-6.90

It has come to the notice of Reserve Bank of India that a Card Network had an arrangement that enables businesses to make card payments through certain intermediaries, to entities that do not accept card payments. 2. Under this arrangement, the intermediary accepts card payments from corporates for their commercial payments and then remits the funds via IMPS/RTGS/NEFT to non-card accepting recipients.

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of 30,200 Crore (Face Value).

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 16, 2024, Friday, as under:   Sl. No.  Notified Amount (₹ crore)  Tenor (day)  Window Timing  Date of Reversal  1  75,000  7  10:30 AM to 11:00 AM  February 23, 2024  (Friday)

Reserve Bank of India and Nepal Rastra Bank today signed and exchanged Terms of Reference for integration of fast payment systems of India and Nepal, viz., Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal, respectively.  The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers.

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

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 506,128.26 6.69 5.00-7.85 I. Call Money      9,471.71 6.70 5.00-6.81 II. Triparty Repo  348,803.80 6.67 6.25 -6.73

The Governor, Reserve Bank of India held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks on February 14, 2024, in Mumbai. These engagements are part of Reserve Bank’s continuous interaction with the Senior Management of its Regulated/Supervised Entities.

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

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹10000 Crore ₹9000 Crore II. Competitive Bids Received (i) Number 92 110 140 (ii) Amount ₹ 19763.510 Crore ₹ 21849.604 Crore ₹ 35969.500 Crore

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹10,000 Crore ₹9,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 

Tenor 2-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 1,11,456 Amount allotted (in ₹ crore) 25,001 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.66 Partial Allotment Percentage of bids received at cut off rate (%) 72.39  Ajit Prasad Director (Communications) Press Release: 2023-2024/1875

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 503,388.81 6.73 5.00-7.85 I. Call Money 9,100.05 6.74 5.00-6.86 II. Triparty Repo 339,081.55 6.71 6.45-6.75 III. Market Repo 154,207.21 6.77 6.50-6.95 IV. Repo in Corporate Bond 1,000.00 6.95 6.85-7.85 B. Term Segment I. Notice Money** 1,410.88 6.79 5.80-6.85

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 14, 2024, Wednesday, as under:

The result of the auction of State Government Securities held on February 13, 2024 is as under: (Amount in ₹Crore) ANDHRA PRADESH 2038 ANDHRA PRADESH 2039 ANDHRA PRADESH 2044 ASSAM 2031 Notified Amount 500 500 1000 500 Tenure 14 15 20 7 Competitive Bids Received   (i) No. 93 79 31 29 (ii) Amount 4375.2 3730.15 1955 2240 Cut-off Yield (%) 7.45 7.44 7.48 7.45

Amount to be raised (₹ Cr) Amount Accepted (₹ Crore) Cut off Yield (%) Tenure (Year) 1 Andhra Pradesh 500 500 7.45 14 500 500 7.44 15 1000 1000 7.48 20 2 Assam 500 500 7.45 7

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 501,632.69 6.75 5.00-7.85 I. Call Money      12,481.64 6.76 5.00-6.86 II. Triparty Repo  319,257.15 6.73 6.52-6.80 III. Market Repo 169,429.90 6.78 6.25-7.00 IV. Repo in Corporate Bond  464.00 7.08 6.95-7.85

Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹30,000 crore as per the following details