Press Releases

Today, the Reserve Bank of India (RBI), vide order dated July 04, 2023, has cancelled the license of “Shushruti Souharda Sahakara Bank Niyamita, Bengaluru”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 05, 2023. The Registrar of Cooperative Societies, Bengaluru has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. The Reserve Bank cancelled the licence of t

The Reserve Bank of India has today placed on its website the draft circular on Arrangements with Card Networks for issue of Debit, Credit and Prepaid Cards for feedback from stakeholders. Comments / Feedback, if any, may be sent by email, or by post to the Chief General Manager-in-Charge, Department of Payment and Settlement Systems, Central Office, Reserve Bank of India, 14th Floor, Central Office Building, Shahid Bhagat Singh Road, Mumbai - 400 001, on or before Au

Today the Reserve Bank of India placed on its website a Working Paper titled, “Portfolio Flows and Exchange Rate Volatility: An Empirical Estimation for BRICS Countries” under the Reserve Bank of India Working Paper Series1. The paper is co-authored by Dipak R. Chaudhari, Pushpa Trivedi and Prabhat Kumar. The paper investigates the effects of net equity and bond portfolio inflows on exchange rate volatility of five BRICS currencies (Brazilian Real, Russian Ruble, Indi

The Reserve Bank of India has launched the 62nd round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period April - June 2023 (Q1:2023-24). The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the refe

Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹10000 Crore ₹8000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 132 154 101 (ii) Amount ₹29665.013 Crore ₹19554.337 Crore ₹15704.70 Crore III. Cut-off price / Yield 98.3522 96.7075 93.6073 (YTM: 6.7200%) (YTM: 6.8279%) (YTM: 6.8480%) IV. Competitive Bids Accepted (i) Number 36 78 66 (ii) Amount ₹9967.575 Crore ₹7979.889 Crore ₹5966.615 Crore V. Partial Allotment Percentage of Competitive Bids 5

The Reserve Bank of India today placed on its website the report of Inter-Departmental Group (IDG). The report and its recommendations reflect the views of the IDG and do not in any way reflect the official position of the Reserve Bank of India. The recommendations of the report will be examined for implementation. An Inter-Departmental Group (IDG) of the Reserve Bank of India (RBI) was formed to examine the internationalisation of INR. The objective of the IDG was to

Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 87,870 Amount accepted (in ₹ crore) 87,870 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Director (Communications) Press Release: 2023-2024/538

I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹10,000 Crore ₹8,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3522 (YTM: 6.7200%) 96.7075 (YTM: 6.8279%) 93.6073 (YTM: 6.8480%) IV. Total Face Value Accepted ₹10,000 Crore ₹8,000 Crore ₹6,000 Crore Ajit Prasad Director (Communications) Press Release: 2023-2024/537

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo auction on July 04, 2023, Tuesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 02 12:30 PM to 01:00 PM July 06, 2023 (Thursday) 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 Dire

(Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 481,097.45 6.28 0.01-7.35 I. Call Money 11,258.81 6.39 5.40-6.50 II. Triparty Repo 310,400.25 6.27 6.03-6.40 III. Market Repo 159,388.39 6.28 0.01-6.60 IV. Repo in Corporate Bond 50.00 7.35 7.35-7.35 B. Term Segment I. Notice Money** 148.65 6.42 6.00-6.75 II. Term Money@@ 788.00 - 6.60-7.05 III. Triparty Repo 1,969.00 6.56 6.40-6.60 IV.