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

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Date : Nov 08, 2024

Result of the 3-day Variable Rate Reverse Repo (VRRR) auction held on November 08, 2024

Tenor	3-day
Notified Amount (in ₹ crore)	50,000
Total amount of offers received (in ₹ crore)	58,525
Amount accepted (in ₹ crore)	50,013
Cut off Rate (%)	6.49
Weighted Average Rate (%)	6.48
Partial Acceptance Percentage of offers received at cut off rate	71.13