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

(268 kb)

Date : Feb 20, 2024

Result of the 3-day Variable Rate Repo (VRR) auction held on February 20, 2024

Tenor	3-day
Notified Amount (in ₹ crore)	50,000
Total amount of bids received (in ₹ crore)	68,640
Amount allotted (in ₹ crore)	50,003
Cut off Rate (%)	6.55
Weighted Average Rate (%)	6.60
Partial Allotment Percentage of bids received at cut off rate (%)	91.19