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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 : Jun 22, 2017
RBI to conduct 7 day, 14 day and 28 day Variable Rate Reverse Repo Auctions under LAF on June 23, 2017

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo Auctions on June 23, 2017, Friday, 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 28 10.00 am to 10.30 am July 21, 2017 (Friday)
2 400 14 12.00 pm to 12.30 pm July 07, 2017 (Friday)
3 400 7 2.00 pm to 2.30 pm June 30, 2017 (Friday)

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

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

Anirudha D. Jadhav
Assistant Manager

Press Release : 2016-2017/3457


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