In the recent period, some concerns have been expressed about participation in the exchange traded currency derivatives (ETCD) market in the light of the Reserve Bank of India’s (RBI) A.P. (DIR Series) Circular No. 13 dated January 05, 2024.

Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 37,855 Amount accepted (in ₹ crore) 37,855 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers 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) 550,456.15 6.44 0.05-7.55 I. Call Money 12,684.11 6.44 5.10-6.55 II. Triparty Repo 351,881.35 6.42 6.20-6.54 III. Market Repo 185,037.69 6.46 0.05-6.65 IV. Repo in Corporate Bond 853.00 6.71 6.65-7.55

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 4, 2024, Thursday, as under:  Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 1 12:00 Noon to 12:30 PM April 05, 2024 (Friday)  2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

Tenor 2-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 22,365 Amount accepted (in ₹ crore) 22,365 Cut off Rate (%)

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 03, 2024, Wednesday, as under:

Tenor 2-day Notified Amount (in ₹ crore) 1,25,000 Total amount of offers received (in ₹ crore) 2,015 Amount accepted (in ₹ crore) 2,015 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on April 03, 2024, Wednesday, 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) 5,87,716.556.415.00-7.55 I. Call Money 12,881.566.445.00-6.60 II. Triparty Repo 3,81,453.906.415.00-6.70 III. Market Repo 1,92,643.096. 

Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 21,325 Amount accepted (in ₹ crore) 21,325 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA