Financial Markets

Financial markets worldwide are facing intense selling pressures on extreme risk aversion due to the spread of COVID-19 infections, compounded by the slump in international crude prices and a decline in bond yields in advanced economies. Flight to safety has led to spike in volatility across all asset classes, with several emerging market currencies experiencing downside pressures. Mismatches in US dollar liquidity have become accentuated across the world. On a review

(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 - - 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 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - - RBI OPERATIONS@ Auction Date Tenor (Days) Maturity Date Amoun

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 244,716.56 4.86 3.50-5.20 I. Call Money 12,460.08 4.96 3.70-5.20 II. Triparty Repo 154,944.20 4.86 4.60-4.91 III. Market Repo 77,312.28 4.85 3.50-5.05 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 53.69 4.83 4.10-5.05 II. Term Money@@ 123.35 - 5.15-5.60 III. Triparty Repo 505.00 4.67 4.60-4.95 IV. Market Repo 1,680.

(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 - - 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 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - - RBI OPERATIONS@ Auction Date Tenor (Days) Maturity Date Amoun

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 8,691.26 4.96 4.05-5.20 I. Call Money 1,873.36 4.84 4.05-5.10 II. Triparty Repo 6,817.90 4.99 4.80-5.20 III. Market Repo 0.00 - IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 45.00 4.29 4.15-4.40 II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo in Corporate Bond 0.00 - - RBI OPER

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,889.21 3.57 2.00-5.15 I. Call Money 893.31 4.52 4.05-5.00 II. Triparty Repo 6,795.90 3.39 2.00-4.90 III. Market Repo 0.00 - IV. Repo in Corporate Bond 200.00 5.15 5.15-5.15 B. Term Segment I. Notice Money** 15,056.61 4.97 3.70-5.20 II. Term Money@@ 411.35 - 4.85-5.85 III. Triparty Repo 154,631.70 4.88 4.70-4.99 IV. Market Repo 94,119.1

Today, the Reserve Bank conducted the fourth long term repo operation (LTRO) for a notified amount of ₹ 25,000 crore with a 3-year tenor in pursuance of the LTROs announced vide press release dated February 25, 2020. 2. The total bids that were received amounted to ₹ 48,856 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 2.0. 3. Allotment was done for all bids on a pro-rata basis as given below: Tenor 3-year

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 2,91,159.35 4.80 3.50-5.25 I. Call Money 12,976.29 4.94 3.70-5.25 II. Triparty Repo 2,00,219.35 4.78 4.64-5.00 III. Market Repo 77,963.71 4.84 3.50-5.00 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 119.05 4.56 4.10-5.03 II. Term Money@@ 278.00 - 5.15-5.60 III. Triparty Repo 50.00 5.05 5.05-5.05 IV. Market Repo 40.0

With a view to address any additional demand for liquidity and to provide flexibility to the banking system in its liquidity management towards the year end, the Reserve Bank of India has decided to conduct the following fine-tuning variable rate Repo auctions: Sl. No. Date of Auction Notified Amount (₹ crores) Tenor (days) Window Timing Date of Reversal 1 March 30, 2020 25,000 8 11:00 am to 11:30 am April 7, 2020 2 March 31, 2020 25,000 3 11:00 am to 11:30 am April 3

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 3,20,295.11 4.80 2.50-5.30 I. Call Money 15,183.40 4.96 3.60-5.25 II. Triparty Repo 2,21,315.60 4.81 4.51-5.00 III. Market Repo 83,696.11 4.73 2.50-5.10 IV. Repo in Corporate Bond 100.00 5.30 5.30-5.30 B. Term Segment I. Notice Money** 414.45 4.88 4.10-5.12 II. Term Money@@ 247.50 - 5.00-5.85 III. Triparty Repo 1,676.00 4.95 4.90-5.15 IV