Category: RBI News

(Amount in ₹ crore, Rate in Per cent)   Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 3,68,563.30 3.22 0.01-5.30      I. Call Money 12,367.03 3.24 1.90-3.50      II. Triparty Repo 2,30,138.85 3.22 3.10-3.40      III. Market Repo 1,23,039.62 3.22 0.01-3.45      IV. Repo in Corporate Bond 3,017.80 3.48 3.35-5.30 B. Term Segment            I. Notice Money** 710.35 3.20 2.50-3.40      II. Term Money@@ 125.00 – 3.25-3.45      III. Triparty Repo 205.00 3.20 3.20-3.20      IV. Market Repo 625.00 2.33 1.50-2.90      V. Repo in Corporate Bond 0.00 – –

Auction Date Tenor (Days) Maturity Date Amount Current Rate / Cut off Rate C. Liquidity Adjustment Facility (LAF) & Marginal Standing Facility (MSF) I. Today’s Operations 1. Fixed Rate                (i) Repo                (ii) Reverse Repo Thu, 06/05/2021 1 Fri, 07/05/2021 3,69,084.00 3.35 2. Variable Rate&             (I) Main Operation                (a) Reverse Repo             (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo – – – – – 3. MSF Thu, 06/05/2021 1 Fri, 07/05/2021 0.00 4.25 4. Long-Term Repo Operations –   –   – 5. Targeted Long Term Repo Operations – – – – – 6. Targeted Long Term Repo Operations 2.0 – – – – – 7. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,69,084.00   II. Outstanding Operations 1. Fixed Rate                (i) Repo                (ii) Reverse Repo           2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Fri, 23/04/2021 14 Fri, 07/05/2021 2,00,017.00 3.47   (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo           3. MSF           4. Long-Term Repo Operations# Mon, 17/02/2020 1095 Thu, 16/02/2023 499.00 5.15   Mon, 02/03/2020 1094 Wed, 01/03/2023 253.00 5.15   Mon, 09/03/2020 1093 Tue, 07/03/2023 484.00 5.15   Wed, 18/03/2020 1094 Fri, 17/03/2023 294.00 5.15 5. Targeted Long Term Repo Operations^ Fri, 27/03/2020 1092 Fri, 24/03/2023 12,236.00 4.40   Fri, 03/04/2020 1095 Mon, 03/04/2023 16,925.00 4.40   Thu, 09/04/2020 1093 Fri, 07/04/2023 18,042.00 4.40   Fri, 17/04/2020 1091 Thu, 13/04/2023 20,399.00 4.40 6. Targeted Long Term Repo Operations 2.0^ Thu, 23/04/2020 1093 Fri, 21/04/2023 7,950.00 4.40 7. On Tap Targeted Long Term Repo Operations€ Mon, 22/03/2021 1095 Thu, 21/03/2024 5,000.00 4.00 D. Standing Liquidity Facility (SLF) Availed from RBI$       5,573.71   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,12,361.29   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,81,445.29   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 06/05/2021 5,37,641.79        (ii) Average daily cash reserve requirement for the fortnight ending 07/05/2021 5,38,082.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 06/05/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 09/04/2021 7,12,322.00   @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL). – Not Applicable / No Transaction. ** Relates to uncollateralized transactions of 2 to 14 days tenor. @@ Relates to uncollateralized transactions of 15 days to one year tenor. $ Includes refinance facilities extended by RBI. & As per the Press Release No. 2019-2020/1900 dated February 06, 2020. * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo. # As per the Press Release No. 2020-2021/287 dated September 04, 2020. ^ As per the Press Release No. 2020-2021/605 dated November 06, 2020. € As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020 and Press Release No. 2020-2021/1057 dated February 05, 2021. ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015. Ajit Prasad Director    Press Release : 2021-2022/174

The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹12,150 Cr. (Face Value).

Sr. No.	State/ UT	Amount to be raised (₹ Cr)	Additional Borrowing (Greenshoe) Option (₹ Cr)	Tenure (Yrs)	Type of Auction
1.	Andhra Pradesh	1000	–	16	Yield
		1000	–	17	Yield
2.	Haryana	1000	–	10	Yield
3.	Maharashtra	1500	–	11	Yield
		1500	–	12	Yield
4.	Mizoram	150	–	12	Yield
5.	Rajasthan	500	–	5	Yield
		500	–	10	Yield
6.	Tamil Nadu	1500	–	Re-issue of 6.49% Tamil Nadu SDL 2050 issued on July 22, 2020	Price
		1500	–	Re-issue of 6.63% Tamil Nadu SDL 2055 issued on July 08, 2020	Price
7.	West Bengal	2000	–	10	Yield
	Total	12150

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 11, 2021 (Tuesday). The Government Stock up to 10% of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of its notified amount for a single bid per stock as per the Scheme for Non-competitive Bidding Facility.

Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on May 11, 2021 (Tuesday). The non-competitive bids should be submitted between 10.30 A.M. and 11.00 A.M. and the competitive bids should be submitted between 10.30 A.M. and 11.30 A.M.

In case of technical difficulties, Core Banking Operations Team (email; Phone no: 022-27595666, 022-27595415, 022-27523516) may be contacted.

For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends.

The yield percent per annum expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.

The Reserve Bank of India will determine the maximum yield /minimum price at which bids will be accepted. Securities will be issued for a minimum nominal amount of ₹10,000.00 and multiples of ₹10,000.00 thereafter.

The results of the auction will be announced on May 11, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on May 12, 2021 (Wednesday) at Mumbai and at respective Regional Offices of RBI.

The State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new securities, interest will be paid half yearly on November 12 and May 12 of each year till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and Government Securities Regulations, 2007.

The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.

Ajit Prasad
Director   

Press Release: 2021-2022/173

The rate of interest on Government of India Floating Rate Bond, 2024 (FRB 2024) applicable for the half year May 07, 2021 to November 06, 2021 shall be 3.51 percent per annum. It may be recalled that the rate of interest on the FRB, 2024 is set at average rate (rounded off up to two decimal places) of the implicit yields at the cut-off prices of the last three auctions of Government of India 182 day Treasury Bills held up to period preceding the coupon reset date, which is May 07. The implicit yields will be computed by reckoning 365 days in a year. (Yogesh Dayal)      Chief General Manager Press Release: 2021-2022/172

The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on May 07, 2021, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 14 10:30 am to 11:00 am May 21, 2021 (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. Ajit Prasad Director    Press Release: 2021-2022/171

A. I. SUMMARY – OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹10,000 crore Total amount offered (Face value) by participants : ₹63,012 crore Total amount accepted (Face value) by RBI : ₹10,000 crore A. II. DETAILS OF OMO PURCHASE ISSUE Security 6.97% GS 2026 7.17% GS 2028 5.85% GS 2030 No. of offers received 113 146 136 Total amount (face value) offered (₹ in crore) 17,688 28,208 17,116 No. of offers accepted NIL NIL 63 Total offer amount (face value) accepted by RBI (₹ in crore) NA NA 10,000 Cut off yield (%) NA NA 5.9742 Cut off price (₹) NA NA 99.10 Weighted average yield (%) NA NA 5.9909 Weighted average price (₹) NA NA 98.98 Partial allotment % of competitive offers at cut off price NA NA 72.59 B. I. SUMMARY – OMO SALE RESULTS Aggregate Amount (Face value) notified by RBI : ₹10,000 crore Total amount bid (Face value) by participants : ₹36,471 crore Total amount accepted (Face value) by RBI : ₹10,000 crore B. II. DETAILS OF OMO SALE ISSUE Security 182 DTB 21102021 182 DTB 28102021 No. of bids received 63 37 Total bid amount (face value) (₹ in crore) 21,473 14,998 No. of bids accepted 25 18 Total bid amount (face value) accepted by RBI (₹ in crore) 5,648 4,352 Cut off yield (%) 3.5697 3.5761 Cut off price (₹) 98.3930 98.3238 Weighted average yield (%) 3.5602 3.5642 Weighted average price (₹) 98.3972 98.3293 Partial allotment % of competitive bids at cut off price NA 85.80 Ajit Prasad Director    Press Release: 2021-2022/170

April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.

With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.

Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.

Thank you for your continued support.

Department of Communication

Reserve Bank of India

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