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Informist, Friday, Sept. 26, 2025

 

--Govt: WMA limit for Oct-Mar fixed at INR 500 bln 

 

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

 

In Apr-Sept, the government did not borrow through ways and means advances. 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?ove the repo rate on overdraft beyond the ways and means advances limit. Currently, the repo rate is 5.50%.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Janwee Prajapati

Edited by Deepshikha Bhardwaj

 

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