Money Market Operations as on December 29, 2023 (Amount in ₹ Crore, Rate in Per cent)MONEY MARKETS@  Volume (One Leg) Weighted Average  Rate Range A. Overnight Segment (I+II+III+IV) 15,224.70 6.78 5.75-7.00 I. Call Money 1,614.85 6.49 5.75-7.00 II. Triparty Repo 13,508.85 6.81 6.25-6.90 III. Market Repo 101.00 6.60 6.60-6.60 

Result of the 7-day Variable Rate Repo auction held on December 29, 2023 Tenor 7-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 3,01,274 Amount allotted (in ₹ crore) 1,25,020 Cut off Rate (%) 6.73 Weighted Average Rate (%) 6.74 Partial Allotment Percentage of bids received at cut off rate

(Amount in ₹ Crore, Rate in Per cent)  MONEY MARKETS@   Volume  (One Leg)  Weighted Average Rate  Range  A.  Overnight Segment (I+II+III+IV)  478,179.16  6.79  0.01-7.90  I. Call Money 11,365.44  6.80  5.50-6.95  II. Triparty Repo 335,539.40  6.77  6.65-6.81  III. Market Repo 131,002.32  6.81  0.01-6.95  IV. Repo in Corporate Bond 272.00 7.59  7.05-7.90

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction on December 29, 2023, Friday, in lieu of the main operation, as under:

The Reserve Bank of India today released the Draft Reserve Bank of India (Bond Forwards) Directions, 2023. Comments on the draft directions are invited from banks, market participants, investors and other interested parties by January 25, 2024.

Today, the Reserve Bank released the 28th issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@     Volume  (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,12,196.73 6.79    0.01-7.95 I.  Call Money 10,459.50    6.81    5.00-6.90 II. Triparty Repo 3,70,600.60 6.78 6.75-6.81 III. Market Repo 1,30,778.92 6.81    0.01-6.95 IV. Repo in Corporate Bond 

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,58,399 Amount allotted (in ₹ crore) 50,007 Cut off Rate (%) 6.71 Weighted Average Rate (%) 6.73

Today, the Reserve Bank of India released the Report on Trend and Progress of Banking in India 2022-23, a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. This Report presents the performance of the banking sector, including co-operative banks and non-banking financial institutions, during 2022-23 and 2023-24 so far.

Currently, recourse to the Standing Deposit Facility (SDF) and the Marginal Standing Facility (MSF) is available on an overnight basis on all days, including Sundays and holidays, but reversal is permitted only on the next working day in Mumbai. As announced in the Governor’s Statement dated December 08, 2023, it has been decided to allow reversal of liquidity facilities under both SDF and MSF even during weekends and holidays with effect from December 30, 2023. The SDF/MSF bids triggered under the Automated Sweep-In and Sweep-Out (ASISO) facility will now reverse on the next calendar day. In the case of a manual bid placed through the e-Kuber portal, the choice with regard to tenor will be exercisable by the eligible entities at the time of placing of bid. Access to SDF/MSF will continue to be available on all days, including Sundays and holidays.