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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 (213 kb)
Date : Oct 08, 2018
RBI to conduct Overnight and 7-day Variable Rate Reverse Repo Auction under LAF on October 8, 2018

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on October 8, 2018, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ billion)
Tenor (day) Window Timing Date of Reversal
1. 800 1 12:00 pm-12:30 pm October 9, 2018 (Tuesday)
2. 500 7 2.30 pm to 3.00 pm October 15, 2018 (Monday)

Successful offers will get accepted at their respective offered rates.

Offers at or above the repo rate will be rejected.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/812


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