Press Releases

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on January 03, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) 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) 5,55,797.55 6.36 3.51-6.75 I. Call Money 9,479.05 6.52 5.10-6.70 II. Triparty Repo 3,79,928.20 6.31 6.00-6.52 III. Market Repo 1,64,546.60 6.47 3.51-6.75 IV. Repo in Corporate Bond 1,843.70 6.68 6.60-6.75

The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on December 02, 2024.

During the quarter ended December 31, 2024, the Reserve Bank of India has received one application under the Guideline

The Reserve Bank has today released data on Reserve Money for the week ended December 27, 2024. 

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹12000 Crore ₹8000 Crore ₹8000 Crore II. Competitive Bids Received (i) Number 92 94 108 (ii) Amount ₹32114.700 Crore ₹21130.000 Crore ₹22718.500 Crore III. Cut-off price / Yield 98.3821 96.7579 93.7370 (YTM: 6.5961%) (YTM: 6.7199%) (YTM: 6.6998

In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxable)- FRSB 2020 (T), the coupon/interest rate of the bond would be reset half yearly, starting with January 01, 2021 and the coupon/

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3821 (YTM:6.5961%) 96.7579 (YTM: 6.7199%) 93.7370 (YTM: 6.6998%) IV. Total Face Value Accepted ₹12,000 Crore ₹8,000 Crore ₹8,000 Crore

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,03,493.66 6.59 5.00-7.25 I. Call Money 6,445.77 6.88 5.10-7.25 II. Triparty Repo 3,43,877.25 6.52 5.61-6.76 III. Market Repo 1,50,900.94 6.74 5.00-6.97 IV. Repo in Corporate Bond 2,269.70 7.03 6.99-7.10

Data on sectoral deployment of bank credit for the month of November 2024 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter January – March 2025, is expected to be ₹4,73,477.00 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:

In terms of GOI Notification F.No.4(25)–W&M /2017 dated October 06, 2017 (SGB 2017-18 Series XIV -Issue date January 01, 2018) and in terms of GOI Notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series IV - Issue date January 01, 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 next due date of premature redemption of the above tranches shall be January 01, 2025.

The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati (Maharashtra) with The Jalgaon Peoples Co-operative Bank Limited, Jalgaon (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of December 2024 are set out in Tables 1 to 7.

The value of exports and imports of services during November 2024 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) July – 2024 30,578 (16.6) 15,939 (16.0) August – 2024 30,338 (5.7) 16,460 (9.1)

The Reserve Bank of India has been regularly conducting Inflation Expectations Survey of Households (IESH). The January 2025 round of the survey is being launched. The survey aims at capturing subjective assessments on price movements and inflation, based on their individual consumption baskets, across 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram. The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates. The results of this survey provide useful inputs for monetary policy.

The Reserve Bank of India has been regularly conducting Consumer Confidence Survey (CCS). The January 2025 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending. The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi

The result of the auction of State Government Securities held on December 31, 2024 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2037 ANDHRA PRADESH 2038 ANDHRA PRADESH 2039 HARYANA 2038 Notified Amount 1500 1500 2000 1000 Tenure 12 13 14 13 Competitive Bids Received (i) No. 55 53 39 49 (ii) Amount 2895 4325 3987 2176

Today the Reserve Bank of India placed on its website a Working Paper titled, “State-Level Inflation Forecasts for India: Based on Data from Inflation Expectations Survey of Households” under the Reserve Bank of India Working Paper Series . The paper is co-authored by Purnima Shaw and R. K. Sinha. The Inflation Expectations Survey of Households (IESH) of the Reserve Bank of India (RBI) completed its 90th round in March 2024. Using the historical series from this survey, this paper provides state-level inflation forecasts. Deviating from the conventional regression-based forecasting, this

Today, the Reserve Bank of India releases Volume 45, No.1, 2024 of its Occasional Papers, a research journal containing contributions from its staff. This issue contains three articles and three book reviews. Articles: 1. Determinants of Household Saving Portfolio in India: Evidence from Survey Data This paper provides an assessment of the household saving and investment behaviour by studying both household-specific determinants and time-varying macroeconomic