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

(351 kb)

Date : Jul 18, 2024

Result of the Second Overnight Variable Rate Reverse Repo (VRRR) auction held on July 18, 2024

Tenor	1-day
Notified Amount (in ₹ crore)	25,000
Total amount of offers received (in ₹ crore)	20,353
Amount accepted (in ₹ crore)	20,353
Cut off Rate (%)	6.49
Weighted Average Rate (%)	6.49
Partial Acceptance Percentage of offers received at cut off rate	NA

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2024-2025/720

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