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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 (162 kb)
Date : Mar 21, 2017
RBI to conduct Overnight, 7 day and 14 day Variable rate Reverse Repo auctions under LAF on March 22, 2017

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on March 22, 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
1 400 1 9.30 am to 10.00 am March 23, 2017 (Thursday)
2 600 7 9.30 am to 10.00 am March 29, 2017 (Wednesday)
3 250 14 12.00 pm to 12.30 pm April 5, 2017 (Wednesday)
4 600 1 4.00 pm to 4.30 pm March 23, 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: 2016-2017/2517


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