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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

Press Release


PDF document (360 kb)
Date : Feb 14, 2017
RBI to conduct Overnight, 7 day, 14 day and 28 day Variable rate Reverse Repo auctions under LAF on February 15, 2017

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on February 15, 2017, Wednesday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ billion)
Tenor
(day)
Window Timing Date of Reversal
1 200 7 10.00 am to 10.30 am February 22, 2017 (Wednesday)
2 300 14 10.00 am to 10.30 am March 1, 2017 (Wednesday)
3 300 28 12.00 pm to 12.30 pm March 15, 2017 (Wednesday)
4 300 1 12.00 pm to 12.30 pm February 16, 2017 (Thursday)
5 500 1 4.00 pm to 4.30 pm February 16, 2017 (Thursday)

2. Successful offers will get accepted at their respective offered rates.

3. Offers at or above the repo rate will be rejected.

S.S. Mohile
Assistant Manager

Press Release : 2016-2017/2185


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