MUMBAI, India, June 3 -- Reserve Bank of India issued the following speech: Distinguished faculty members, dear students, ladies and gentlemen. 2. It is a pleasure to be here at Columbia University's School of International and Public Affairs. As many of you would know, SIPA was established in 1946, in the aftermath of the Second World War, at a time when the world was rebuilding institutions for a new international order. Its purpose was to deepen understanding of global affairs and prepare p...
MUMBAI, India, June 3 -- Reserve Bank of India issued the following press release: Reserve Bank of India (RBI) has been actively pursuing interlinking of Unified Payments Interface (UPI) with fast payment systems of other jurisdictions to promote cross-border payments. These initiatives are aligned with the G20 Roadmap for enhancing cross-border payments, with a focus on cheaper, efficient, more transparent, and more accessible payments. 2. As part of this initiative, the connectivity of payme...
MUMBAI, India, June 3 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 12,000 6,000 6,000 II. Competitive Bids Received (i) Number 126 53 74 (ii) Amount 32,311.790 7,940.590 11,106.000 III. Cut-off price / Yield 98.6331 - - (YTM: 5.5586%) - - IV. Competitive Bids Accepted (i) Number 48 - - (ii) Amount 11,400.000 - - V. Partial Allotment Percentage of Competitive Bids 23.7420 - - (2 bids) - - VI...
MUMBAI, India, June 3 -- Reserve Bank of India issued the following press release: T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹12,000 Crore ₹6,000 Crore ₹6,000 Crore II. Cut-off Price (₹) and Implicit Yield at Cut-Off Price 98.6331 (YTM: 5.5586%) NA NA III. Total Face Value Accepted ₹12,000 Crore NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/377 Disclaimer: Curated by HT Syndication....
MUMBAI, India, June 3 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI's sale of gold. The RBI emphasizes that these reports are not correct. In this context, it is clarified that the physical stock of gold is disclosed by RBI in its Monthly Bulletin. The latest edition is available on the RBI website at: https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx?Id=24213, and the physical s...
MUMBAI, India, June 3 -- Reserve Bank of India issued the following press release: Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 11,360 Amount allotted (in ₹ crore) 11,360 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/375 Disclaimer: Curated by HT Syndication....
MUMBAI, India, June 3 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,91,229.59 5.19 3.00-5.55 I. Call Money 18,057.45 5.28 4.60-5.50 II. Triparty Repo 4,78,506.10 5.20 4.90-5.30 III. Market Repo 1,87,632.99 5.16 3.00-5.35 IV. Repo in Corporate Bond 7,033.05 5.31 5.28-5.55 B. Term Segment I. Notice Money** 785.00 5.38 ...
GUWAHATI, India, June 2 -- Gauhati High Court issued the following order on April 30: 1. Heard Mr. Y. S. Mannan, learned counsel, appearing for the petitioner. Also heard Mr. S. P. Sharma, learned Standing Counsel (APDCL), appearing for the respondents. 2. The challenge in the present proceedings is to an order dated 06.11.2007, issued by the Chairman, ASEB, inflicting a penalty of reduction to a lower stage in the time scale of pay for a period of 03 (three) years upon the petitioner, on con...
GUWAHATI, India, June 2 -- Gauhati High Court issued the following order on April 30: 1. Heard Mr. P Das, learned counsel, appearing for the petitioner. Also heard Mr. R K D Choudhury, learned Dy. S.G.I, appearing for the respondents. 2. The petitioner by way of instituting the present writ petition has assailed the orders dated 03-10-2023 and 17-10-2023, issued by the Authorized Officer/Assistant Director, Enforcement Directorate, Guwahati, Zonal Office, directing the petitioner to make a De...
GUWAHATI, India, June 2 -- Gauhati High Court issued the following order on April 30: 1. Heard Mr. P. K. Deka, learned counsel, appearing for the petitioner in WP(C).No.6506/2023 and Mr. P. K. Roy Choudhury, learned counsel, appearing for the petitioner in WP(C).No.6465/2023. Also heard Mr. B. Gogoi, learned Additional Advocate General, Assam, and Mr. P. P. Dutta, learned Standing Counsel, APSC, for the above noted 02 (two) writ petitions. 2. The above noted writ petitions having raised simil...