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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 (342 kb)
Date : Nov 08, 2024
RBI to conduct 3-day Variable Rate Reverse Repo (VRRR) auction under LAF on November 11, 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 November 11, 2024, Monday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 1,75,000 3 10:00 AM to 10:30 AM November 14, 2024
(Thursday)

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.

Ajit Prasad           
Deputy General Manager
(Communications)    

Press Release: 2024-2025/1468


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