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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 (338 kb)
Date : Feb 16, 2024
RBI to conduct 3-day Variable Rate Repo (VRR) auction under LAF on February 20, 2024

In view of transient frictional liquidity imbalances expected during February 20-23, 2024, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 20, 2024, Tuesday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 50,000 3 10:30 AM to 11:00 AM February 23, 2024
(Friday)

2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1887


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