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

(347 kb)

Date : Nov 14, 2024

Result of the 15-day Variable Rate Reverse Repo (VRRR) auction held on November 14, 2024

Tenor	15-day
Notified Amount (in ₹ crore)	1,75,000
Total amount of offers received (in ₹ crore)	8,405
Amount accepted (in ₹ crore)	8,405
Cut off Rate (%)	6.49
Weighted Average Rate (%)	6.49
Partial Acceptance Percentage of offers received at cut off rate	NA