MONETARY POLICY

“…the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.”

Preamble to the Reserve Bank of India Act 1934

(109 kb)

Date : Aug 14, 2018

Money Market Operations as on August 13, 2018


(Amount in ₹ billion, Rate in Per cent)

MONEY MARKETS ^@
	Volume	Wtd.Avg.Rate	Range
	(One Leg)
A. Overnight Segment (I+II+III+IV)	1,868.96	6.35	5.00-6.50
I. Call Money	168.32	6.34	5.00-6.50
II. CBLO	1,294.49	6.34	6.20-6.44
III. Market Repo	406.15	6.40	5.50-6.50
IV. Repo in Corporate Bond	0.00
B. Term Segment
I. Notice Money**	2.63	6.20	5.50-6.45
II. Term Money^@@	9.11	-	6.50-7.40
III. CBLO	0.00	-	-
IV. Market Repo	2.50	6.10	6.10-6.10
V. Repo in Corporate Bond	0.72	8.71	7.90-8.80

RBI OPERATIONS^@
	Auction Date	Tenor (Days)	Maturity Date	Amount Outstanding	Current Rate / Cut off Rate
C. Liquidity Adjustment Facility
(i) Repo (Fixed Rate)	13/08/2018	1	14/08/2018	35.46	6.50
(ii) Repo (Variable rate)	31/07/2018	14	14/08/2018	225.06	6.27
	03/08/2018	13	16/08/2018	22.37	6.51
	07/08/2018	14	21/08/2018	67.25	6.51
	10/08/2018	14	24/08/2018	149.50	6.51
(iii) Reverse Repo (Fixed rate)	13/08/2018	1	14/08/2018	102.81	6.25
(iv) Reverse Repo (Variable rate)	03/08/2018	13	16/08/2018	26.25	6.49
	07/08/2018	7	14/08/2018	30.04	6.49
	10/08/2018	6	16/08/2018	239.62	6.49
	13/08/2018	7	20/08/2018	193.89	6.49
D. Marginal Standing Facility	13/08/2018	1	14/08/2018	14.60	6.75
E. Standing Liquidity Facility Availed from RBI ^$				23.88
RESERVE POSITION ^@
F. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on ^#		07/08/2018		4,691.11
(ii) Average daily cash reserve requirement for the fortnight ending		17/08/2018		4,705.30
G. Government of India Surplus Cash Balance Reckoned for Auction as on ^¥		13/08/2018		0.00
^@ Based on RBI / CCIL/ FIMMDA Data
- 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
# The figure for the cash balances with RBI on Sunday is same as that of the previous day (Saturday).
^$ Includes refinance facilities extended by RBI
^¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015
Ajit Prasad Assistant Adviser
Press Release : 2018-2019/385

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