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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 (311 kb)
Date : Mar 20, 2017
RBI to conduct Overnight, 8 day and 15 day Variable Rate Reverse Repo Auctions under LAF on March 21, 2017

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on March 21, 2017, Tuesday, 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
1 400 1 9.30 am to 10.00 am March 22, 2017 (Wednesday)
2 500 8 9.30 am to 10.00 am March 29, 2017 (Wednesday)
3 300 15 12.00 pm to 12.30 pm April 5, 2017 (Wednesday)
4 500 1 4.00 pm to 4.30 pm March 22, 2017 (Wednesday)

Successful offers will get accepted at their respective offered rates.

Offers at or above the repo rate will be rejected.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/2501


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