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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


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Date : Jun 20, 2024
RBI to conduct 6-day Variable Rate Repo (VRR) auction under LAF on June 21, 2024

On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo (VRR) auction on June 21, 2024, Friday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 1,00,000 6 10:30 AM to 11:00 AM June 27, 2024
(Thursday)

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          
Deputy General Manager
(Communications)    

Press Release: 2024-2025/531


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