More Stories

Informist, Thursday, Mar. 27, 2025

--Govt: WMA limit for Apr-Sept fixed at INR 1.5 tln 

MUMBAI – The Reserve Bank of India has fixed the ways and means advances limit for the central government for Apr-Sept at INR 1.50 trillion, the government said in a press release Thursday. The limit for the same period previous year was also INR 1.50 trillion, and the limit for Oct-Mar was set at INR 500 billion. 

In Oct-Mar, the government dipped into ways and means advances for INR 118.17 billion as on Nov. 15 and INR 111.31 billion as on Dec. 6, RBI data showed. The central bank said in a separate release it may trigger a fresh issue of market loans when the government utilises 75% of the ways and means advances limit.

Ways and means advances are a short-term advance facility provided by the RBI to manage temporary mismatches in the government's receipts and payments. The central bank will charge the prevailing repo rate as interest on the ways and means advances, and an interest of 2% above the repo rate on overdraft beyond the ways and means advances limit. Currently, the repo rate is 6.25%.  End

Reported by Ashna Mariam George 

Edited by Deepshikha Bhardwaj

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.