PRESS RELEASES FROM RBI

Results of Underwriting Auctions

12/29/2011 3:10:00 PM

In the auctions conducted on December 29, 2011 for Additional Competitive Underwriting (ACU) of the undernoted 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)
7.99% GS 2017	3000	1512	1488	3000	2.80
9.15% GS 2024	6000	3003	2997	6000	0.99
8.28% GS 2027	3000	1512	1488	3000	2.95
8.83% GS 2041	3000	1512	1488	3000	1.97

Auction for the sale of securities will be held on December 30, 2011.

Subhash Desai
Assistant Manager

Press Release : 2011-2012/1029

RBI Reference Rate for US $ and Euro

12/29/2011 1:00:00 PM

The Reserve Bank of India’s Reference Rate for the US dollar is `53.3585 and the Reference Rate for Euro is `68.9881 on December 29, 2011. The corresponding rates for the previous day (December 28, 2011) were `53.2145 and `69.5113 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

Date	Currency
Date	1 GBP	100 JPY
December 28, 2011	83.3179	68.39
December 29, 2011	82.5082	68.67

Note : The SDR-Rupee rate will be based on the reference rate.

Subhash Desai
Assistant Manager

Press Release : 2011-2012/1028

Liquidity Adjustment Facility : Auction Result

12/29/2011 11:30:00 AM

The result of the RBI Repo auction held today is as under:

Amount (face value in ` crore)

Item		1 day Repo Auction (Purchase of securities by RBI)
Item		8.50% Fixed Rate
1. Bids received
(i)	Number	49
(ii)	Amount	1,16,530
2. Bids accepted
(i)	Number	49
(ii)	Amount	1,16,530

Subhash Desai
Assistant Manager

Press Release: 2011-2012/1027

Money Market Operations as on December 28, 2011

12/29/2011 9:00:00 AM


(Amount in ` crore, Rate in per cent)

MONEY MARKETS @
		Volume	Wtd.Avg.Rate	Range
		(One Leg)
A. Overnight Segment (I+II+III+IV)		65,249.11	8.68	7.00-9.10
I. Call Money		21,922.40	8.97	7.00-9.10
II. CBLO		33,694.70	8.49	8.27-8.60
III. Market Repo		9,632.01	8.65	8.45-8.80
IV. Repo in Corporate Bond		0.00	-	-
B. Term Segment
I. Notice Money**		171.84	9.65	7.00-10.10
II. Term Money@@		350.00	-	10.10-10.10
III. CBLO		0.00	-	-
IV. Market Repo		10.00	9.70	9.70-9.70
V. Repo in Corporate Bond		0.00	-	-
RBI OPERATIONS
			Amount Outstanding	Rate
C. Liquidity Adjustment Facility
(i) Repo	(1 day)		126,785.00	8.50
(ii) Reverse Repo	(1 day)		760.00	7.50
D. Marginal Standing Facility	(1 day)		10.00	9.50
E. Standing Liquidity Facility Availed from RBI			4,232.26	8.50

RESERVE POSITION @
F. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on #		26/12/2011	357,660.04
(ii) Average daily cash reserve requirement for the fortnight ending		30/12/2011	364,166.00
@ The information is based on provisional Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL) / Fixed Income Money Market and Derivatives Association of India (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).
Subhash Desai Assistant Manager
Press Release : 2011-2012/1026

Liquidity Adjustment Facility : Auction Result

12/28/2011 5:45:00 PM

The result of the RBI Reverse Repo auction held today is as under:

Amount (face value in ` crore)

Item		1 day Reverse Repo Auction (Sale of securities by RBI)
Item		7.50% Fixed Rate
1. Bids received
(i)	Number	3
(ii)	Amount	760
2. Bids accepted
(i)	Number	3
(ii)	Amount	760

Ajit Prasad
Assistant General Manager

Press Release: 2011-2012/1025

364-Days Treasury Bills : Auction Result

12/28/2011 3:40:00 PM

Date of Auction : December 28, 2011
I.	Notified Amount		` 4000.00 crore
II.	Underwriting notified amount		N.A.
III.	Competitive Bids received
	(i)	Number	84
	(ii)	Amount	` 9811.50 crore
IV.	Cut-off price		` 92.31 (YTM is 8.3535%)
V.	Competitive bids accepted
	(i)	Number	44
	(ii)	Amount	` 4000.00 crore
VI.	Partial Allotment Percentage of Competitive Bids		89.69 (3 Bids)
VII.	Weighted Average Price		` 92.39
VIII.	Non-competitive bids received
	(i)	Number	1
	(ii)	Amount	` 2.00 crore
IX.	Non-competitive bids accepted
	(i)	Number	1
	(ii)	Amount	` 2.00 crore
	(iii)	Partial Allotment Percentage	100

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/1024

91-Days Treasury Bills : Auction Result

12/28/2011 3:40:00 PM

Date of Auction : December 28, 2011
I.	Notified Amount		` 4000.00 crore
II.	Underwriting notified amount		N.A.
III.	Competitive Bids received
	(i)	Number	76
	(ii)	Amount	` 10528.5350 crore
IV.	Cut-off price		` 97.93 (YTM is 8.4782%)
V.	Competitive bids accepted
	(i)	Number	47
	(ii)	Amount	` 4000.00 crore
VI.	Partial Allotment Percentage of Competitive Bids		68.08 (9 Bids)
VII.	Weighted Average Price		` 97.94
VIII.	Non-competitive bids received
	(i)	Number	5
	(ii)	Amount	` 10000.00 crore
IX.	Non-competitive bids accepted
	(i)	Number	5
	(ii)	Amount	` 10000.00 crore
	(iii)	Partial Allotment Percentage	100

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/1023

Scheduled Banks' Statement of Position in India as on Friday, December 16, 2011

12/28/2011 2:45:00 PM

(Amount in Rupees crore)
		Scheduled Commercial Banks (SCBs) (including RRBs)			All Scheduled Banks
		17-Dec-10	02-DEC-2011 *	16-DEC-2011 *	17-Dec-10	02-DEC-2011 *	16-DEC-2011 *
I	Liabilities to the Banking System (A)
	a) Demand & time deposits from banks	66499.73	71383.55	72244.52	69220.49	74270.11	75146.73**
	b) Borrowings from banks	29318.02	23171.24	30584.09	29458.37	23387.47	30858.38
	c) Other demand & time liabilities	7103.23	10010.26	10025.22	7112.69	10014.06	10028.92
II	Liabilities to Others (A)
	a) Deposits (other than from banks)	4806227.3	5710061.14	5672592.36	4950627.3	5869614.48	5832879.59
	i) Demand	578513.51	572517.88	559935.12	593109.48	586779.5	574396.84
	ii) Time	4227713.8	5137543.19	5112657.18	4357517.8	5282834.91	5258482.69
	b) Borrowings @	124151.31	169331.77	170209.13	126372.6	171539.04	171506.66
	c) Other demand & time liabilities	335251.89	360360.12	360013.25	340755.55	365856.76	365738.32
III	Borrowings from RBI (B)	4220.51	2273.23	3827.88	4290.51	2273.23	3827.88
	Against usance bills and / or promissory Notes	0	0	0	0	0	0
IV	Cash	29717.59	36747.71	37203.49	30496.91	37688.37	38103.89
V	Balances with RBI(B)	307731.9	348034.66	349659.09	316878.51	358344.02	359433.5
VI	Assets with Banking System
	a) Balances with other banks
	i) In current accounts	9999.99	8863.48	9346.36	11549.44	10458.26	10824.31
	ii) In other accounts	39863.47	48710.79	48916.59	45823.26	55118.03	55329.76
	b) Money at call & short notice	17831.43	19767.69	21475.44	27407.76	30992.58	32575.86
	c) Advances to banks(i.e., due from banks)	6148.06	6214.3	6532.87	6482.49	6578.68	6902.06 £
	d) Other assets	49422.15	70168.01	72598.44	54457.11	74507.87	76839.16
VII	Investments (at Book Value )	1445543.5	1743713.07	1678851.41	1496058.1	1795919.55	1730800.01
	a) Central & State Govt.securities+	1440782.2	1738236.26	1675246.8	1490048.7	1790115.78	1726873.87
	b) Other approved securities	4761.3	5476.83	3604.65	6009.41	5803.78	3926.18
VIII	Bank credit (Excluding inter-bank advance)	3644569.1	4235420.85	4266982.81	3753184.4	4366803.86	4399985.9
	a) Loans, cash credits & overdrafts $	3514422.8	4081502.13	4110088.63	3620912.5	4210970.23	4241158.9
	b) Inland bills purchased	11885.71	14697.59	14413.67	12552.98	15117.12	14881.47
	c) Inland bills discounted	66854.27	81694.54	82418.64	67901.97	82879.97	83587.3
	d) Foreign bills purchased	17956.69	19119.88	19959.4	18101.53	19160.82	19988.92
	e) Foreign bills discounted	33449.64	38406.7	40102.35	33715.44	38675.72	40369.2

Notes :

* Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
(A) Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
** This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
@ Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
(B) The figures relating to Scheduled Commercial Banks' Borrowings in India from the Reserve Bank and balances with the Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934.
£ This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
+ Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
$ Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies viz. Food Corporation of India, State Governments and their agencies under the Food Consortium.

Food Credit Outstanding as on
(` in Crores)
Date	17-Dec-10	02-Dec-11	16-Dec-11
Scheduled Commercial Banks	62521.13	81843.88	82905.34
State Co-operative Banks	6420	6325	6325

The expression ' Banking System ' or ' Banks ' means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934.

Ajit Prasad
Assistant General Manager

Press Release: 2011-2012/1022

Reserve Money for the week ended December 23, 2011 and Money Supply for the fortnight ended December 16, 2011

12/28/2011 1:15:00 PM

The Reserve Bank has today released data on Reserve Money for the week ended December 23, 2011 and Money Supply for the fortnight ended December 16, 2011.

Ajit Prasad
Assistant General Manager

Press Release: 2011-2012/1021

RBI Reference Rate for US $ and Euro

12/28/2011 1:10:00 PM

The Reserve Bank of India’s Reference Rate for the US dollar is `53.2145 and the Reference Rate for Euro is `69.5113 on December 28, 2011. The corresponding rates for the previous day (December 27, 2011) were `52.8945 and `69.1508 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below:

Date	Currency
Date	1 GBP	100 JPY
December 27, 2011	82.7111	67.90
December 28, 2011	83.3179	68.39

Note : The SDR-Rupee rate will be based on the reference rate.

Ajit Prasad
Assistant General Manager

Press Release: 2011-2012/1020