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 : Sep 11, 2020
Result of the 56-day Term Repo auction held on September 11, 2020
Tenor 56-day
Notified Amount (in ₹ crore) 50,000
Total amount of bids received (in ₹ crore) 1,000
Amount allotted (in ₹ crore) 1,000
Cut off Rate (%) 4.00
Weighted Average Rate (%) 4.00
Partial Allotment Percentage of bids received at cut off rate (%) NA

Ajit Prasad
Director   

Press Release: 2020-2021/316


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