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 17, 2019
Result of the 14-day Variable Rate Repo Auction held on May 17, 2019
Tenor 14-day
Notified Amount (in ₹ billion) 245.00
Total amount of bids received (in ₹ billion) 118.50
Amount allotted (in ₹ billion) 118.50
Cut off Rate (%) 6.01
Weighted Average Rate (%) 6.01
Partial Allotment Percentage of bids received at cut off rate NA

Shailaja Singh
Deputy General Manager

Press Release : 2018-2019/2699


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