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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 (155 kb)
Date : Mar 15, 2017
Result of the Overnight and 7 day Variable Rate Reverse Repo Auctions held on March 15, 2017
Tenor Overnight 7 day
Notified Amount (in ₹ billion) 600.00 600.00
Total amount of offers received (in ₹ billion) 1352.60 341.00
Amount accepted (in ₹ billion) 600.06 341.00
Cut off Rate (%) 6.23 6.24
Weighted Average Rate (%) 6.22 6.24
Partial Acceptance Percentage of offers received at cut off rate 55.49 NA

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/2448


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