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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 (215 kb)
Date : Jul 17, 2019
RBI to conduct Overnight and 7-day Variable Rate Reverse Repo auctions under LAF on July 18, 2019

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auctions on July 18, 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 1100 1 12.00 pm to 12.30 pm July 19, 2019 (Friday)
2 200 7 4:00 pm to 4:30 pm July 25, 2019 (Thursday)

Successful offers will get accepted at their respective offered rates.

Offers at or above the repo rate will be rejected.

Ajit Prasad
Director (Communications)

Press Release : 2019-2020/180


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