Financial Markets

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. 2. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitig

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 294,729.09 2.38 0.01-5.00 I. Call Money 10,643.69 4.04 2.30-5.00 II. Triparty Repo 212,506.00 2.12 0.60-3.77 III. Market Repo 71,579.40 2.91 0.01-3.75 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 255.65 3.76 2.85-4.50 II. Term Money@@ 220.00 - 4.25-4.85 III. Triparty Repo 500.00 4.25 4.25-4.25 IV. Market Repo 0.00

A. I. SUMMARY OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹ 10,000 crores Total amount offered (Face value) by participants : ₹ 64,746 crores Total amount accepted (Face value) by RBI : ₹ 10,000 crores A. II. DETAILS OF OMO PURCHASE ISSUE Security 7.59% GS 2026 7.17% GS 2028 7.26% GS 2029 7.61% GS 2030 No. of offers received 75 124 141 86 Total amount (face value) offered (in ₹ crores) 12,534 25,185 16,293 10,734 No. of offers accepted 11 4 12

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 306,709.96 3.27 0.01-4.55 I. Call Money 11,849.91 4.15 2.30-4.55 II. Triparty Repo 226,218.25 3.19 2.51-3.50 III. Market Repo 68,641.80 3.35 0.01-3.80 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 416.93 3.47 2.85-4.50 II. Term Money@@ 589.55 - 3.75-4.95 III. Triparty Repo 0.00 - - IV. Market Repo 1,500.00 3.65 3.65

On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operations (OMO) for ₹ 10,000 crores each on April 27, 2020. The details of securities are as follows: 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 IN0020150093 7.59% GS 2

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 302,391.02 3.38 0.90-5.00 I. Call Money 11,253.74 4.12 2.30-4.55 II. Triparty Repo 217,902.15 3.33 3.02-3.78 III. Market Repo 73,005.13 3.42 0.90-3.95 IV. Repo in Corporate Bond 230.00 5.00 5.00-5.00 B. Term Segment I. Notice Money** 300.60 4.32 2.85-5.00 II. Term Money@@ 654.76 - 4.00-4.85 III. Triparty Repo 43.35 2.63 2.50-2.75 IV. Mar

Today, the Reserve Bank conducted the first tranche of Targeted Long Term Repo Operation (TLTRO) 2.0 for a notified amount of ₹25,000 crore with a 3-year tenor in pursuance of the announcement made vide press release 2237/2019-2020 dated April 17, 2020. 2. The total bids that were received amounted to ₹12,850 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 0.5. 3. Allotment was done for all bids as given belo

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 298,820.61 3.33 0.50-5.00 I. Call Money 11,539.42 4.10 2.30-5.00 II. Triparty Repo 214,021.25 3.28 2.50-3.79 III. Market Repo 72,779.94 3.35 0.50-4.00 IV. Repo in Corporate Bond 480.00 5.00 5.00-5.00 B. Term Segment I. Notice Money** 84.66 3.90 2.85-4.50 II. Term Money@@ 260.00 - 4.20-6.00 III. Triparty Repo 0.00 - - IV. Market Repo 300.

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 303,940.82 3.03 0.50-5.00 I. Call Money 11,341.65 4.16 2.30-5.00 II. Triparty Repo 221,774.70 2.97 2.50-3.80 III. Market Repo 70,824.47 3.01 0.50-3.95 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 806.02 3.79 2.85-4.55 II. Term Money@@ 1,525.60 - 4.00-5.30 III. Triparty Repo 385.00 3.50 3.50-3.50 IV. Market Repo 0.0

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 2,256.75 3.41 1.00-4.55 I. Call Money 761.45 3.43 2.85-4.55 II. Triparty Repo 1,495.30 3.40 1.00-4.00 III. Market Repo 0.00 - IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 11,317.58 4.26 2.40-5.00 II. Term Money@@ 175.00 - 4.30-4.75 III. Triparty Repo 212,276.20 2.40 0.50-3.60 IV. Market Repo 73,045.22 3.17 0.01-4.0