Press Releases

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,07,638.82 5.16 0.01-6.55 I. Call Money 16,775.52 5.29 4.75-5.35 II. Triparty Repo 4,09,038.35 5.25 5.20-5.28 III. Market Repo 1,80,038.55 4.94 0.01-5.40 IV. Repo in Corporate Bond 1,786.40 5.49 5.40-6.55

In terms of GOI notification F. No. 4(25) -(W&M)/2017 dated October 06, 2017, (SGB 2017-18 Series XIII - Issue date December 26, 2017) 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 tranche shall be June 26, 2025.

The Reserve Bank has today released data on Reserve Money for the week ended June 20, 2025.

Today, the Reserve Bank released the June 2025 issue of its monthly Bulletin. The Bulletin includes bi-monthly monetary policy statement (June 06, 2025), two speeches, five articles and current statistics. The five articles are: I. State of the Economy; II. Financial Conditions Index for India: A High-Frequency Approach; III. Balance Sheet Channel of Monetary Policy Transmission: Insights from Indian Manufacturing Firms; IV. Drivers of CD Issuances: An Empirical Assessment; and V. Predicting CPI inflation in India: Combining Forecasts from a ‘Suite’ of Statistical and Machine Learning Models.

Auction Results 91-Day 182-Day 364-Day I. Notified Amount ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore II. Competitive Bids Received (i) Number 119 90 82 (ii) Amount ₹26870.310 Crore ₹15026.000 Crore ₹19867.000 Crore III. Cut-off price / Yield 98.6693 97.3142 94.7387 (YTM: 5.4094%) (YTM: 5.5350%) (YTM: 5.5687%)

T-Bill    91 days    182 days    364 days II.    Total Face Value Notified    ₹9,000 Crore    ₹5,000 Crore    ₹5,000 Crore III.    Cut-off Price and Implicit Yield at Cut-Off Price    98.6693 (YTM: 5.4094%)    97.3142 (YTM: 5.5350%)    94.7387

The Reserve Bank had set up the Working Group (Chairperson: Shri Radha Shyam Ratho) to undertake a comprehensive review of trading and settlement timings of financial markets regulated by the Reserve Bank. The Working Group provided recommendations aimed at facilitating further market development, price discovery, and optimization of liquidity requirements. Its report was published on the RBI’s website inviting comments from members of the public. The Reserve Bank has examined the recommendations of the Committee as well as the feedback received and it has been decided to implement the following recommendations:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,28,883.45 5.14 0.01-6.55 I. Call Money 17,196.57 5.27 4.75-5.35 II. Triparty Repo 4,32,260.40 5.20 5.10-5.27 III. Market Repo 1,77,182.93 4.96 0.01-5.40 IV. Repo in Corporate Bond 2,243.55 5.47 5.40-6.55

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, June 27, 2025, as under:

The result of the auction of State Government Securities held on June 24, 2025, is as under: (Amount in ₹ Crore) GUJARAT 2028 HARYANA 2038 HARYANA 2040 JAMMU AND KASHMIR 2046 Notified Amount 1500 1000 1000 200 Tenor 3 -Years 13 -Years 15 -Years 21 -Years Competitive Bids Received (i) No. 45 75 57 15 (ii) Amount 5985 4407 3785 695

Result of Yield/ Price Based Auction of State Government Securities Sr. No.    State/UT    Notified Amount (₹ Crore) Amount Accepted (₹ Crore)    Cut off Price (₹)/ Yield (%)    Tenor (Year) 1.    Gujarat    1500    1500    6.10    03 2.    Haryana    1000    1000    7.05    13 1000    1000    7.04    15 3.    Jammu and Kashmir    200    200    7.08    21 4.    Kerala    2000    2000    7.09    27 5.    Maharashtra    2000    2000    6.98    12 

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,18,964.90 5.19 1.50-6.55 I. Call Money 16,996.13 5.27 4.75-5.35 II. Triparty Repo 4,18,203.05 5.23 5.01-5.27 III. Market Repo 1,81,187.07 5.09 1.50-5.40 IV. Repo in Corporate Bond 2,578.65 5.48 5.40-6.55

Government of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹36,000 crore as per the following details:

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00    -    - I. Call Money 0.00    -    - II. Triparty Repo 0.00    -    -

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 18,666.38 5.25 3.50-5.35 I. Call Money 1,267.25 5.04 4.50-5.30 II. Triparty Repo 17,223.15 5.28 5.00-5.35 III. Market Repo 175.98 4.04 3.50-4.75 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

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 May 2025.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 9,033.70 5.25 4.75-6.55 I. Call Money 1,610.95 5.12 4.75-5.30 II. Triparty Repo 4,634.75 5.17 5.00-6.25 III. Market Repo 54.00 5.00 5.00-5.00 IV. Repo in Corporate Bond 2,734.00 5.47 5.40-6.55

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹27,200 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Gujarat 1500 03 Yield 2. Haryana 1000 13 Yield 1000 15 Yield 3. Jammu and Kashmir 200 21 Yield 4. Kerala 2000 27 Yield

The Reserve Bank of India (RBI) has, by an order dated June 06, 2025, imposed a monetary penalty of ₹29.60 lakh (Rupees Twenty Nine Lakh Sixty Thousand only) on Fino Payments Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Licensing of Payments Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

Today, the Reserve Bank released its quarterly house price index (HPI) (base: 2010-11=100) for Q4:2024-25, based on transaction-level data received from the registration authorities in ten major cities . Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91-Day 9,000 June 25, 2025 (Wednesday) June 26, 2025 (Thursday) 2 182-Day 5,000 3 364-Day 5,000 Total 19,000

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Jun. 14 Jun. 6 Jun. 13 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government - 0 0 0 0 4.2 State Governments 7994 30444 15962 -14482 7968 * Data are provisional; difference, if any, is due to rounding off.

The fifty fifth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during June 4 to 6, 2025. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by all the members – Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi; Shri Saugata Bhattacharya, Economist, Mumbai; Professor Ram Singh, Director, Delhi School of Economics, Delhi; Dr. Rajiv Ranjan, Executive Director (the officer of the Reserve Bank nominated by the Central Board under Section 45ZB(2)(c) of the Reserve Bank of India Act, 1934), and Dr. Poonam Gupta, Deputy Governor in charge of monetary policy.

Auction Results 6.75% GS 2029 7.09% GS 2054 I. Notified Amount ₹15,000 crore ₹12,000 crore II. Underwriting Notified Amount ₹15,000 crore ₹12,000 crore III. Competitive Bids Received (i) Number 198 304 (ii) Amount ₹38560.613 Crore ₹47923.602 Crore

Government Stock - Auction Results: Cut-off 6.75% GS 2029 7.09% GS 2054 I. Notified Amount ₹15,000 crore ₹12,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 102.85/6.0176% 100.46/7.0517%

In the underwriting auction conducted on June 20, 2025, 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: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Underwriting Amount Accepted (₹ crore) Total Amount underwritten (₹ crore) ACU Commission Cut-off rate (Paise per ₹100) 6.75% GS 2029 15,000 7,518 7,482 15,000 0.58 7.09% GS 2054 12,000 6,006 5,994 12,000 0.94 Auction for the sale of securities will be held on June 20, 2025.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,99,265.81 5.18 3.50-6.55 I. Call Money 14,174.25 5.26 4.70-5.35 II. Triparty Repo 3,96,475.35 5.18 5.14-5.25 III. Market Repo 1,86,372.11 5.16 3.50-6.24 IV. Repo in Corporate Bond 2,244.10 5.47 5.38-6.55

Today, the Reserve Bank released data on the performance of the private corporate sector during the fourth quarter of 2024-25, drawn from abridged quarterly financial results of 2,936 listed non-government non-financial companies. This summary position also includes comparable data for Q4:2023-24 and Q3:2024-25 to enable study of sequential (q-o-q) and annual (y-o-y) change (web-link https://data.rbi.org.in/DBIE/#/dbie/reports/Statistics/Corporate%20Sector/Listed%20Non-Government%20Non-Financial%20Companies).

The Reserve Bank of India (RBI) has, by an order dated May 20, 2025, imposed a monetary penalty of ₹2.00 lakh (Rupees Two Lakh only) on Prathamik Shikshak Sahakari Bank Ltd., Satara, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Advances against Term Deposits of Non-members’ to Salary Earners’ Primary (Urban) Co-operative Banks. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank had issued draft guidelines on ‘Prudential Framework for Income Recognition, Asset Classification and Provisioning pertaining to Advances - Projects Under Implementation’ on May 03, 2024, for stakeholder comments. The draft guidelines proposed an enabling framework for the regulated entities (REs) for financing project loans, while addressing the underlying risks.

Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on June 20, 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) 5,99,803.47 5.18 3.50-6.55 I. Call Money 15,058.07 5.27 4.75-5.35 II. Triparty Repo 3,98,470.60 5.19 5.00-5.25 III. Market Repo 1,83,650.70 5.14 3.50-5.40 IV. Repo in Corporate Bond 2,624.10 5.48 5.30-6.55

The Reserve Bank has today released data on Reserve Money for the week ended June 13, 2025.

Treasury Bill: Full Auction Result Auction Results    91-day    182-day    364-day I.    Notified Amount    ₹9,000 Crore    ₹5,000 Crore    ₹5,000 Crore II.    Competitive Bids Received    (i) Number    127    85    90 (ii) Amount    ₹36084.290 Crore    ₹23389.050 Crore    ₹24305.250 Crore III.    Cut-off price / Yield    98.6819    97.3508    94.8003 (YTM: 5.3575%)    (YTM: 5.4575%)    (YTM: 5.5000%) 

I. T-Bill 91-day 182-day 364-day II. Total Face Value Notified ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6819 (YTM:5.3575%) 97.3508 (YTM: 5.4575%) 94.8003 (YTM: 5.5000%) IV. Total Face Value Accepted ₹9,000 Crore ₹5,000 Crore ₹5,000 Crore

The Reserve Bank of India (RBI) has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the Accuracy, Timeliness, Completeness and Consistency in the submission of returns. The objective of sDQI is to assess the adherence to the principles enunciated in the Master Direction on Filing of Supervisory Returns 2024. The sDQI score of Scheduled Commercial Banks (SCBs) has improved in March 2025 as compared to March 2024.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,22,236.08 5.18 3.00-6.55 I. Call Money 13,828.18 5.26 4.50-5.35 II. Triparty Repo 4,09,067.30 5.20 5.01-5.25 III. Market Repo 1,96,647.50 5.14 3.00-5.59 IV. Repo in Corporate Bond 2,693.10 5.49 5.38-6.55

In terms of GOI notification F. No. 4(25) -(W&M)/2017 dated October 06, 2017, (SGB 2017-18 Series XII - Issue date December 18, 2017) 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 tranche shall be June 18, 2025.

The result of the auction of State Government Securities held on June 17, 2025, is as under: (Amount in ₹ Crore) RAJASTHAN SGS 2035 RAJASTHAN SGS 2037 TAMILNADU SGS 2031 TELANGANA SGS 2058 Notified Amount 500 1000 1000 1000 Tenure 10 Re-issue of 7.36% Rajasthan SGS 2037, issued on May 29, 2024 6 33 Competitive Bids Received (i) No. 55 75 47 23 (ii) Amount 2479.59 5235 5920 2570 Cut off Price (₹)/ Yield (%) 6.68 103.17/6.9641 6.42 7.09

Sr. No. State Notified Amount (₹Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Rajasthan 500 500 6.68 10 1000 1000 103.17/6.9641 Re-issue of 7.36% Rajasthan SGS 2037, issued on May 29, 2024. 2. Tamil Nadu 1000 1000 6.42 06 3. Telangana 1000 1000 7.09 33

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,17,545.69 5.21 2.90-6.55 I. Call Money 15,722.23 5.30 4.75-5.35 II. Triparty Repo 3,98,860.95 5.22 4.90-5.30 III. Market Repo 2,01,209.51 5.16 2.90-5.50 IV. Repo in Corporate Bond 1,753.00 5.52 5.36-6.55

Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹27,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.75% GS 2029 Dec 23, 2029 15,000 F.No.4(1)-B(W&M)/2025 dated June 16, 2025 June 20, 2025 (Friday) June 23, 2025 (Monday) 2 7.09% GS 2054 Aug 05, 2054 12,000 Total 27,000

he Reserve Bank of India today placed on its website Draft Master Direction - Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025. Comments on the draft Directions are invited from banks, market participants and other interested parties by July 7, 2025.

A. Source Security 8.15% GS 2026 8.24% GS 2027 8.26% GS 2027 8.26% GS 2027 7.06% GS 2028 B. Notified Amount (in ₹ crore) 3,000 3,000 2,000 2,000 3,000 Destination Security 6.19% GS 2034 6.64% GS 2035 8.33% GS 2036 7.40% GS 2062 8.24% GS 2033 C. i. No. of offers received 3 3 6 1 6 ii. Total amount of Source Security offered (Face value, in ₹ crore) 3,800.000 887.559 945.000 1,000.000 3,247.000

Today, Shri T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), inaugurated the new office of the Reserve Bank in Vijayawada, Andhra Pradesh. The Regional Office shall be functioning at Vijayawada with Integrated Banking Department (IBD), Financial Inclusion and Development Department (FIDD), Foreign Exchange Department (FED), Department of Supervision (DoS) along with Human Resource Management Department (HRMD), Centralised Establishment Section (CES), Rajbhasha Cell, Audit Budget and Control Cell (ABCC), Department of Information Technology Cell (DIT) and Protocol & Security Establishment (P& SE). The currency management for the state of Andhra Pradesh will continue to be conducted by the RBI’s office in Hyderabad.

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - -

MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - -

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,95,523.70 5.16 2.02-7.00 I. Call Money 18,287.85 5.31 4.75-5.36 II. Triparty Repo 3,91,224.75 5.16 4.90-5.28 III. Market Repo 1,84,185.10 5.16 2.02-5.75 IV. Repo in Corporate Bond 1,826.00 5.42 5.35-7.00

In terms of GOI notification F. No. 4(4)-B(W&M)/2020 dated April 13, 2020, (SGB 2020-21 Series III - Issue date June 16, 2020) 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 due date of premature redemption of the above tranche shall

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹8,500 Crore (Face Value). Sr. No. State Amount to be raised (₹Crore) Tenor (Year) Type of Auction 1. Rajasthan 500 10 Yield 1000 Reissue of 7.36% Rajasthan SGS 2037, issued on May 29, 2024 Price 2. Tamil Nadu 1000 06 Yield 3. Telangana 1000 33 Yield 1000 34 Yield 1000 35 Yield 1000 36 Yield 4. West Bengal 2000 22 Yield Total 8500