Category: Press Releases

Reserve Bank of India – Press Releases

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The Reserve Bank of India releases monthly data on India’s international trade in services with a lag of around 45 days.

The value of exports and imports of services during the month of December 2020 are given in the following Table:

Table: International Trade in Services
(US$ Million)
Month Receipts (Exports) Payments (Imports)
October – 2020 16,583 9,525
November – 2020 17,080 10,120
December – 2020 18,721 11,500
Note: Data are provisional.

Monthly data on services are provisional and would undergo revision when the Balance of Payments (BoP) data are released on a quarterly basis.

Rupambara
Director  

Press Release : 2020-2021/1106

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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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Reserve Bank of India – Press Releases

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The results of the auctions of 4.48% Government Stock, 2023 (Re-Issue), GOI FRB, 2033 (Re-Issue), 6.22% Government Stock, 2035 (Re-Issue) and 6.67% Government Stock, 2050 (Re-Issue) held on February 12, 2021 are:

Auction Results 4.48% Government Stock 2023 * GOI FRB 2033 ** 6.22% Government Stock 2035 6.67% Government Stock 2050 ***
I. Notified Amount ₹ 5000 Crore ₹ 5000 Crore ₹ 11000 Crore ₹ 5000 Crore
II. Underwriting Notified Amount ₹ 5000 Crore ₹ 5000 Crore ₹ 11000 Crore ₹ 5000 Crore
III. Competitive Bids Received        
(i) Number 95 83 207 96
(ii) Amount ₹ 19285 Crore ₹ 16195 Crore ₹ 20817 Crore ₹ 12925 Crore
IV. Cut-off price / Yield 99.49 101.44 96.95 99.73
(YTM: 4.6798%) (YTM: 4.6364%) (YTM: 6.554%) (YTM: 6.6901%)
V. Competitive Bids Accepted        
(i) Number 27 9 53 1
(ii) Amount ₹ 5625 Crore ₹ 6999.961 Crore ₹ 4254 Crore ₹ 3500 Crore
VI. Partial Allotment Percentage of Competitive Bids 0.00% 79.99% 0.00% 0.00%
(0 Bids) (1 Bids) (0 Bids) (0 Bids)
VII. Weighted Average Price/Yield ₹ 99.5700 ₹ 101.5600 ₹ 97.0100 ₹ 99.7300
(WAY: 4.6480%) (WAY: 4.6239%) (WAY: 6.5473%) (WAY: 6.6901%)
VIII. Non-Competitive Bids Received        
(i) Number 2 2 7 2
(ii) Amount ₹ 0.08 Crore ₹ 0.039 Crore ₹ 9.725 Crore ₹ 0.639 Crore
IX. Non-Competitive Bids Accepted        
(i) Number 2 2 7 2
(ii) Amount ₹ 0.08 Crore ₹ 0.039 Crore ₹ 9.725 Crore ₹ 0.639 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹ 5000 Crore ₹ 5000 Crore ₹ 11000 Crore ₹ 5000 Crore
XI. Devolvement on Primary Dealers 0 0 ₹ 6736.275 Crore 0
* Greenshoe amount of ₹625.08 crore has been accepted
**Greenshoe amount of ₹2000 crore has been accepted
***Partial amount of ₹3500.639 crore has been accepted

Rupambara
Director   

Press Release: 2020-2021/1098

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As per the Issuance Calendar for Marketable Dated Securities, auction for switches are scheduled on the third Monday of every month. The next switch auction was scheduled to be held on February 15, 2021. The Government of India has now decided not to conduct this switch auction.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1097

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Feb. 7 Jan. 29 Feb. 5 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government 23324 – – – -23324
4.2 State Governments 9927 4769 9230 4461 -697
* Data are provisional.

2. Foreign Exchange Reserves
Item As on February 5, 2021 Variation over
Week End–March 2020 Year
₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 4258725 583945 -47280 -6240 656569 106138 880594 110944
1.1 Foreign Currency Assets 3955297 542338 -37220 -4880 621481 100125 818611 103152
1.2 Gold 255014 34967 -9790 -1327 24487 4389 49473 6188
1.3 SDRs 10960 1503 -46 -6 160 70 701 66
1.4 Reserve Position in the IMF 37454 5138 -225 -27 10441 1555 11810 1539
* Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Jan. 29, 2021 Variation over
Fortnight Financial year so far Year-on-year
2019-20 2020-21 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 14797709 172319 750229 1230217 1201301 1473708
2.1a Growth (Per cent)   1.2 6.0 9.1 9.9 11.1
2.1.1 Demand 1691529 117711 -80276 74526 187103 260518
2.1.2 Time 13106180 54609 830506 1155691 1014199 1213190
2.2 Borrowings 243117 -593 -66951 -66322 -48249 -68185
2.3 Other Demand and Time Liabilities 615608 46673 84 11932 35171 71878
7 Bank Credit 10704669 61776 333454 333808 675648 599493
7.1a Growth (Per cent)   0.6 3.4 3.2 7.2 5.9
7a.1 Food Credit 87110 159 37289 35346 11170 8211
7a.2 Non-food credit 10617559 61617 296165 298463 664478 591283

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2020 2021 Fortnight Financial Year so far Year-on-Year
2019-20 2020-21 2020 2021
Mar. 31 Jan. 29 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 16799963 18401481 161813 0.9 986558 6.4 1601518 9.5 1524090 10.2 1982857 12.1
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2349748 2707084 -9876 -0.4 166567 8.1 357336 15.2 234663 11.8 488308 22.0
1.2 Demand Deposits with Banks 1737692 1814239 118055 7.0 -77329 -4.8 76547 4.4 191873 14.1 265056 17.1
1.3 Time Deposits with Banks 12674016 13836935 53003 0.4 895206 7.6 1162920 9.2 1090235 9.5 1220126 9.7
1.4 ‘Other’ Deposits with Reserve Bank 38507 43222 631 1.5 2114 6.7 4715 12.2 7319 27.6 9366 27.7
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 4960362 5735483 17317 0.3 626105 14.3 775121 15.6 552215 12.4 720888 14.4
2.1.1 Reserve Bank 992192 1058048 6383   255086   65856   158208   1011  
2.1.2 Other Banks 3968170 4677435 10934 0.2 371019 10.3 709265 17.9 394007 11.1 719878 18.2
2.2 Bank Credit to Commercial Sector 11038644 11362407 61425 0.5 373905 3.6 323762 2.9 728367 7.3 605783 5.6
2.2.1 Reserve Bank 13166 8601 -740   -8983   -4565   -1898   2221  
2.2.2 Other Banks 11025478 11353806 62165 0.6 382888 3.7 328327 3.0 730265 7.3 603562 5.6

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabilisation Scheme OMO (Outright) Long Term Repo Operations & Targeted Long Term Repo Operations# Special Liquidity Facility for Mutual Funds Special Liquidity Scheme for NBFCs/ HFCs** Net Injection (+)/ Absorption (-) (1+3+5+6+9+ 10+11+12+13- 2-4-7-8)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Purchase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Feb. 1, 2021 – 553373 – – 0 – – – – – – – – -553373
Feb. 2, 2021 – 579114 – – 1 65 – – – – – – – -579048
Feb. 3, 2021 – 564780 – – 0 – – – – – – – – -564780
Feb. 4, 2021 – 577905 – – 5 – – – – – – – – -577900
Feb. 5, 2021 – 525264 – – 6 – – – – – – – – -525258
Feb. 6, 2021 – 10384 – – 7285 – – – – – – – – -3099
Feb. 7, 2021 – 3238 – – 408 – – – – – – – – -2830
*Includes additional Reverse Repo and additional MSF operations (for the period December 16, 2019 to February 13, 2020)
#Includes Targeted Long Term Repo Operations (TLTRO) and Targeted Long Term Repo Operations 2.0 (TLTRO 2.0). Negative (-) sign indicates repayments done by Banks.
**As per RBI Notification No. 2020-21/01 dated July 01, 2020. Negative (-) sign indicates maturity proceeds received for RBI’s investment in the Special Liquidity Scheme.
& Negative (-) sign indicates repayments done by Banks.

The above information can be accessed on Internet at https://wss.rbi.org.in/

The concepts and methodologies for WSS are available in Handbook on WSS (https://rbi.org.in/scripts/PublicationsView.aspx?id=15762).

Time series data are available at https://dbie.rbi.org.in

Rupambara
Director  

Press Release: 2020-2021/1096

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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 Days 4,000 February 17, 2021
(Wednesday)		 February 18, 2021
(Thursday)
2 182 Days 7,000
3 364 Days 8,000
  Total 19,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount.

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, February 17, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, February 18, 2021.

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. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Rupambara
Director  

Press Release: 2020-2021/1095

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    4.48% GS 2023* GOI FRB 2033** 6.22% GS 2035 6.67% GS 2050***
I. Notified Amount ₹5000 cr ₹5000 cr ₹11000 cr ₹5000 cr
II. Cut off Price / Implicit Yield at cut-off 99.49/4.6798% 101.44/4.6364% 96.95/6.5540% 99.73/6.6901%
III. Amount accepted in the auction ₹5625.080 cr ₹7000 cr ₹4263.725 cr ₹3500.639 cr
IV. Devolvement on Primary Dealers Nil Nil ₹6,736.275 cr Nil
*Greenshoe amount of ₹625.08 crore has been accepted
**Greenshoe amount of ₹2000 crore has been accepted
***Partial amount of ₹3500.639 crore has been accepted

Rupambara
Director   

Press Release: 2020-2021/1094

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In the underwriting auctions conducted on February 12, 2021 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:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹100)
4.48% GS 2023 5,000 2,520 2,480 5,000 13.00
GoI FRB 2033 5,000 2,520 2,480 5,000 25.00
6.22% GS 2035 11,000 5,502 5,498 11,000 35.00
6.67% GS 2050 5,000 2,520 2,480 5,000 50.00
Auction for the sale of securities will be held on February 12, 2021.

Rupambara
Director   

Press Release: 2020-2021/1093

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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) 4,73,962.26 3.09 0.01-5.30
     I. Call Money 9,866.68 3.25 1.90-3.50
     II. Triparty Repo 3,61,745.30 3.20 2.00-3.36
     III. Market Repo 1,02,105.28 2.70 0.01-3.35
     IV. Repo in Corporate Bond 245.00 3.71 3.35-5.30
B. Term Segment      
     I. Notice Money** 171.90 2.95 2.50-3.25
     II. Term Money@@ 260.00 – 3.05-3.42
     III. Triparty Repo 150.00 3.15 3.15-3.15
     IV. Market Repo 675.00 2.47 0.01-3.32
     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, 11/02/2021 1 Fri, 12/02/2021 5,28,043.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Thu, 11/02/2021 1 Fri, 12/02/2021 30.00 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 (-)]*		       -5,28,013.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 29/01/2021 14 Fri, 12/02/2021 2,00,007.00 3.54
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF          
4. Long-Term Repo Operations# Mon, 24/02/2020 365 Tue, 23/02/2021 15.00 5.15
  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$       29,990.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -92,919.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -6,20,932.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 11/02/2021 4,46,566.89  
     (ii) Average daily cash reserve requirement for the fortnight ending 12/02/2021 4,44,286.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 11/02/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 15/01/2021 8,08,585.00  
@ 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.
Rupambara
Director   
Press Release : 2020-2021/1091

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