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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 (295 kb)
Date : Jan 21, 2020
RBI to conduct Overnight and 29-day Variable Rate Reverse Repo auctions under LAF on January 22, 2020

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auctions on January 22, 2020, Wednesday, 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 25,000 29 12:00 pm to 12:30 pm February 20, 2020 (Thursday)
2 1,30,000 1 4:00 pm to 4:30 pm January 23, 2020 (Thursday)

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: 2019-2020/1760


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