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

(143 kb)

Date : Jul 16, 2019

Result of the Overnight Variable Rate Reverse Repo Auction held on July 16, 2019

Tenor	Overnight
Notified Amount (in ₹ billion)	1200.00
Total amount of offers received (in ₹ billion)	1050.81
Amount accepted (in ₹ billion)	1050.81
Cut off Rate (%)	5.74
Weighted Average Rate (%)	5.74
Partial Acceptance Percentage of offers received at cut off rate	NA