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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 (357 kb)
Date : Apr 18, 2024
RBI to conduct 14-day Variable Rate Repo (VRR) auction under LAF on April 19, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on April 19, 2024, Friday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 75,000 14 10:30 AM to 11:00 AM May 03, 2024
(Friday)

2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2024-2025/126


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