MONETARY POLICY

Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy.


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Date : May 15, 2019
RBI to conduct Overnight Variable rate Reverse Repo auction under LAF on May 16, 2019

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auction on May 16, 2019, Thursday, 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
1 300 1 1.30 pm to 2.00 pm May 17, 2019 (Friday)

Successful offers will get accepted at their respective offered rates.

Offers at or above the repo rate will be rejected.

Anirudha D. Jadhav
Assistant Manager

Press Release : 2018-2019/2686


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