Category: RBI News

April 14, 2015

Dear All

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

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Department of Communication

Reserve Bank of India

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(Amount in ₹ crore, Rate in Per cent)   Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 4,55,434.13 3.02 0.01-3.50      I. Call Money 7,599.36 3.17 1.90-3.50      II. Triparty Repo 3,28,347.55 3.07 2.92-3.40      III. Market Repo 1,19,487.22 2.89 0.01-3.30      IV. Repo in Corporate Bond 0.00   – B. Term Segment            I. Notice Money** 172.00 3.09 2.50-3.40      II. Term Money@@ 407.00 – 3.25-3.54      III. Triparty Repo 0.00 – –      IV. Market Repo 390.00 3.10 0.01-3.40      V. Repo in Corporate Bond 40.00 5.35 5.35-5.35

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, 04/03/2021 1 Fri, 05/03/2021 5,64,499.00 3.35 2. Variable Rate&             (I) Main Operation                (a) Reverse Repo             (II) Fine Tuning Operations                (a) Repo                (b) Reverse Repo – – – – – 3. MSF Thu, 04/03/2021 1 Fri, 05/03/2021 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 (-)]*       -5,64,499.00   II. Outstanding Operations 1. Fixed Rate                (i) Repo                (ii) Reverse Repo           2. Variable Rate&             (I) Main Operation                (a) Reverse Repo Fri, 26/02/2021 14 Fri, 12/03/2021 2,00,010.00 3.50   (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 D. Standing Liquidity Facility (SLF) Availed from RBI$       32,842.06   E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -90,085.94   F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -6,54,584.94   G. Cash Reserves Position of Scheduled Commercial Banks      (i) Cash balances with RBI as on 04/03/2021 4,39,020.70        (ii) Average daily cash reserve requirement for the fortnight ending 12/03/2021 4,49,720.00   H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 04/03/2021 0.00   I. Net durable liquidity [surplus (+)/deficit (-)] as on 12/02/2021 8,49,099.00   @ 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. 2014-2015/1971 dated March 19, 2015. Ajit Prasad Director    Press Release : 2020-2021/1200

Reserve Bank of India vide directive DCBS.CO.BSD-I./D-14/12.22.254/2018-19 dated May 03, 2019 had placed the Shivaji Rao Bhosale Sahakari Bank Ltd., Pune, Maharashtra under Directions from the close of business on May 04, 2019. The validity of the directions was extended from time-to-time, the last being up to March 04, 2021. 2. It is hereby notified for the information of the public that, Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till June 04, 2021 as per the directive DOR.MON/D-61/12.22.254/2020-21 dated March 04, 2021, subject to review. 3. All other terms and conditions of the Directive under reference shall remain unchanged. A copy of the directive dated March 04, 2021 notifying the above extension is displayed at the bank’s premises for the perusal of public 4. The aforesaid extension and /or modification by Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank. (Yogesh Dayal)      Chief General Manager Press Release: 2020-2021/1199

The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹ 21,673 Cr. (Face Value).

Sr. No.	State	Amount to be raised (₹ Cr)	Additional Borrowing (Greenshoe) Option (₹ Cr)	Tenure (Yrs)	Type of Auction
1.	Gujarat	1000	500	10	Yield
2.	Jharkhand	1000	400	15	Yield
3.	Karnataka	1000	–	16	Yield
		1000	–	17	Yield
		1000	–	18	Yield
4.	Maharashtra	1500	500	8	Yield
5.	Manipur	120	–	10	Yield
6.	Mizoram	30	–	12	Yield
7.	Punjab	1056	–	7	Yield
		500	–	15	Yield
8.	Rajasthan	500	–	3	Yield
		500	–	4	Yield
		1310	–	10	Yield
9.	Sikkim	46	–	10	Yield
10.	Tamil Nadu	2500	–	Re-issue of 6.66% Tamil Nadu SDL 2030 Issued on August 26, 2020	Price
11.	Telangana	1050	–	30	Yield
12.	Tripura	61	–	15	Yield
13.	Uttar Pradesh	5500	–	10	Yield
14.	West Bengal	2000	–	20	Yield
	Total	21673

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on March 09, 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 March 09, 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 March 09, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on March 10, 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 September 10 and March 10 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: 2020-2021/1198

On a review of current liquidity and financial conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of Government securities under Open Market Operations (OMO) for an aggregate amount of ₹20,000 crore under purchase and ₹15,000 crore under sale on March 10, 2021.

2. Accordingly, the details of securities for the simultaneous purchase and sale of Government securities under Open Market Operations (OMOs) are as under:

Purchase

The Reserve Bank will purchase the following securities using the multiple price auction method:

Sr. No	ISIN	Security	Date of Maturity	Aggregate Amount
1	IN0020200278	5.15% GS 2025	09-Nov-2025	₹20,000 crore (There is no security-wise notified amount)
2	IN0020170174	7.17% GS 2028	08-Jan-2028
3	IN0020200294	5.85% GS 2030	01-Dec-2030
4	IN0020190065	7.57% GS 2033	17-Jun-2033

Sale

The Reserve Bank will simultaneously sell the following securities using the multiple price auction method:

Sr. No	ISIN	Security	Date of Maturity	Aggregate Amount
1	IN0020110030	8.79% GS 2021	08-Nov-2021	₹15,000 crore (There is no security-wise notified amount)
2	IN0020060037	8.20% GS 2022	15-Feb-2022
3	IN0020020072	8.35% GS 2022	14-May-2022

3. The Reserve Bank reserves the right to:

• decide on the quantum of purchase/sale of individual securities.

• accept bids/offers for less than the aggregate amount.

• purchase/sell marginally higher/lower than the aggregate amount due to rounding-off.

• accept or reject any or all the bid/offers either wholly or partially without assigning any reasons.

4. Eligible participants should submit their bids/offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on March 10, 2021. Only in the event of system failure, physical bids/offers would be accepted. Such physical bid/offer should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 11:00 am.

5. The result of the auctions will be announced on the same day and successful participants should ensure availability of funds/securities in their Current account/SGL account, as the case may be, by 12 noon on March 12, 2021.

6. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly functioning of financial markets.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1197

A. I. SUMMARY – OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹ 15,000 crore Total amount offered (Face value) by participants : ₹ 56,970 crore Total amount accepted (Face value) by RBI : ₹ 15,000 crore A. II. DETAILS OF OMO PURCHASE ISSUE Security 6.18% GS 2024 6.79% GS 2027 6.68% GS 2031 7.40% GS 2035 No. of offers received 104 155 93 74 Total amount (face value) offered (₹ in crore) 10,123 24,633 13,078 9,136 No. of offers accepted 15 12 29 21 Total offer amount (face value) accepted by RBI (₹ in crore) 1,224 4,900 4,179 4,697 Cut off yield (%) 5.3200 6.2803 6.6209 6.8094 Cut off price (₹) 102.82 102.57 100.44 105.39 Weighted average yield (%) 5.3619 6.3056 6.6488 6.8252 Weighted average price (₹) 102.68 102.44 100.23 105.24 Partial allotment % of competitive offers at cut off price NA NA NA 8.42 B. I. SUMMARY – OMO SALE RESULTS Aggregate Amount (Face value) notified by RBI : ₹ 15,000 crore Total amount bid (Face value) by participants : ₹ 39,060 crore Total amount accepted (Face value) by RBI : ₹ 15,000 crore B. II. DETAILS OF OMO SALE ISSUE Security 8.79% GS 2021 8.20% GS 2022 No. of bids received 46 50 Total bid amount (face value) (₹ in crore) 21,575 17,485 No. of bids accepted 20 21 Total bid amount (face value) accepted by RBI (₹ in crore) 9,450 5,550 Cut off yield (%) 3.8370 3.9799 Cut off price (₹) 103.26 103.87 Weighted average yield (%) 3.8223 3.9693 Weighted average price (₹) 103.27 103.88 Partial allotment % of competitive bids at cut off price NA 23.60 Ajit Prasad Director    Press Release: 2020-2021/1196

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 25 – January 29, 2021. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 25-01-2021 5,360 1,687 934 236 178 115 8,889 13,749 1,041 3,165 1,742 312 27-01-2021 5,772 2,097 1,836 276 375 339 13,224 14,279 727 3,602 3,614 229 28-01-2021 6,366 1,764 644 326 472 270 9,276 13,711 504 3,782 3,026 218 29-01-2021 4,519 2,531 1,455 406 325 508 10,212 16,531 809 4,672 3,091 306 Sales 25-01-2021 4,150 3,045 589 231 182 104 9,554 12,899 2,062 3,158 1,748 312 27-01-2021 5,247 2,924 1,375 278 379 340 15,562 16,761 1,068 3,584 3,601 229 28-01-2021 5,439 2,274 695 329 451 334 9,018 16,033 600 3,740 2,963 218 29-01-2021 4,685 1,705 1,959 410 381 451 11,044 17,092 646 4,624 3,065 306 (Provisional Data) Ajit Prasad Director    Press Release: 2020-2021/1195

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 18 – January 22, 2021. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 18-01-2021 2,346 716 263 199 139 130 5,849 4,530 462 2,962 435 79 19-01-2021 2,914 897 892 263 117 34 7,379 9,983 569 3,378 1,788 76 20-01-2021 3,421 980 624 210 152 155 6,554 13,787 844 3,609 1,689 158 21-01-2021 4,913 1,316 540 310 175 113 9,819 12,993 752 3,803 1,576 110 22-01-2021 5,964 1,349 519 219 219 125 8,527 13,419 280 3,472 2,071 404 Sales 18-01-2021 1,402 825 287 202 150 134 5,595 6,889 1,091 2,967 458 79 19-01-2021 3,471 1,257 563 268 119 31 7,354 12,080 524 3,357 1,827 76 20-01-2021 3,095 1,895 328 211 134 155 6,458 15,140 461 3,611 1,724 157 21-01-2021 4,540 1,924 287 312 170 111 9,990 13,226 1,253 3,798 1,600 110 22-01-2021 3,998 3,158 296 219 219 125 7,816 14,488 658 3,462 2,143 405 (Provisional Data) Ajit Prasad Director    Press Release: 2020-2021/1194

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 11 – January 15, 2021. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 11-01-2021 3,773 705 200 380 100 59 8,635 14,635 236 3,280 1,306 89 12-01-2021 3,029 648 515 364 252 261 8,326 11,746 307 3,447 1,336 242 13-01-2021 2,984 723 550 263 310 318 8,328 13,226 886 4,294 1,921 88 14-01-2021 1,874 667 279 166 161 36 6,326 11,898 1,032 2,242 1,279 110 15-01-2021 3,317 507 692 158 78 110 9,021 12,061 479 2,705 1,468 52 Sales 11-01-2021 2,960 1,093 139 382 111 57 8,417 13,783 860 3,268 1,355 89 12-01-2021 2,712 1,239 350 362 252 261 7,789 12,749 850 3,447 1,377 242 13-01-2021 2,839 1,305 263 266 331 314 8,716 13,972 543 4,260 1,963 88 14-01-2021 1,749 1,230 302 166 161 36 6,565 10,394 734 2,213 1,243 106 15-01-2021 3,220 1,165 321 165 76 107 8,687 13,819 1,054 2,680 1,523 52 (Provisional Data) Ajit Prasad Director   Press Release: 2020-2021/1193

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period January 04 – January 08, 2021. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchase 04-01-2021 2,105 962 554 242 40 33 8,123 12,352 698 3,246 1,710 262 05-01-2021 2,278 715 343 146 87 71 8,309 12,677 523 2,896 1,567 176 06-01-2021 2,551 797 266 291 154 54 8,370 11,336 478 5,011 1,770 154 07-01-2021 2,373 738 536 290 124 106 7,430 13,237 506 4,788 1,347 162 08-01-2021 3,129 1,420 1,010 288 378 233 8,004 12,502 625 3,951 1,511 165 Sales 04-01-2021 3,055 743 277 241 49 29 9,571 16,481 1,119 3,220 1,715 262 05-01-2021 2,019 813 495 149 87 72 7,713 13,585 847 2,858 1,576 176 06-01-2021 2,035 1,126 342 298 154 54 7,758 14,055 547 4,877 1,786 155 07-01-2021 2,282 1,120 216 288 113 107 6,978 11,978 570 4,772 1,339 162 08-01-2021 2,577 1,774 408 285 481 233 8,021 12,911 928 3,795 1,450 165 (Provisional Data) Ajit Prasad Director    Press Release: 2020-2021/1192