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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 (219 kb)
Date : Sep 18, 2019
RBI to conduct Overnight Variable Rate Reverse Repo Auction under LAF on September 19, 2019

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auction on September 19, 2019, Thursday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 80,000 1 4:00 pm to 4:30 pm September 20, 2019 (Friday)

Successful offers will get accepted at their respective offered rates.

Offers at or above the repo rate will be rejected.

Ajit Prasad
Director  

Press Release : 2019-2020/734


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