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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 (346 kb)
Date : Jul 16, 2024
Result of the 3-day Variable Rate Reverse Repo (VRRR) auction held on July 16, 2024
Tenor 3-day
Notified Amount (in ₹ crore) 25,000
Total amount of offers received (in ₹ crore) 25,465
Amount accepted (in ₹ crore) 25,009
Cut off Rate (%) 6.49
Weighted Average Rate (%) 6.49
Partial Acceptance Percentage of offers received at cut off rate 98.10

Ajit Prasad          
Deputy General Manager
(Communications)   

Press Release: 2024-2025/709


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