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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 (341 kb)
Date : Jul 18, 2024
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on July 18, 2024

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 18, 2024, Thursday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 25,000 1 11:30 AM to 12:00 Noon July 19, 2024
(Friday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

(Puneet Pancholy)  
Chief General Manager

Press Release: 2024-2025/714


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