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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 (155 kb)
Date : Oct 09, 2017
RBI to conduct 7-day, 14-day and 28-day Variable Rate Reverse Repo Auctions under LAF on October 10, 2017

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo Auctions on October 10, 2017, Tuesday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ billion)
Tenor
(day/s)
Window Timing Date of Reversal
1 100 28 10.00 am to 10.30 am November 07, 2017 (Tuesday)
2 100 14 12.00 pm to 12.30 pm October 24, 2017 (Tuesday)
3 150 7 2.30 pm to 3.00 pm October 17, 2017 (Tuesday)

2. Successful offers will get accepted at their respective offered rates.

3. Offers at or above the repo rate will be rejected.

Anirudha D. Jadhav
Assistant Manager

Press Release : 2017-2018/967


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