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

(162 kb)

Date : Mar 15, 2018

Result of the Overnight Variable Rate Reverse Repo Auctions held on March 15, 2018

Tenor	Overnight
Notified Amount (in ₹ billion)	200.00
Total amount of offers received (in ₹ billion)	351.45
Amount allotted (in ₹ billion)	200.00
Cut off Rate (%)	5.89
Weighted Average Rate (%)	5.89
Partial Allotment Percentage of offers received at cut off rate	NA