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 28, 2024

Result of the Overnight Variable Rate Repo (VRR) auction held on November 28, 2024

Tenor	1-day
Notified Amount (in ₹ crore)	25,000
Total amount of bids received (in ₹ crore)	52,069
Amount allotted (in ₹ crore)	25,008
Cut off Rate (%)	6.61
Weighted Average Rate (%)	6.62
Partial Allotment Percentage of bids received at cut off rate (%)	42.25