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

(336 kb)

Date : Apr 19, 2024

Result of the 14-day Variable Rate Repo (VRR) auction held on April 19, 2024

Tenor	14-day
Notified Amount (in ₹ crore)	75,000
Total amount of bids received (in ₹ crore)	1,12,273
Amount allotted (in ₹ crore)	75,001
Cut off Rate (%)	6.53
Weighted Average Rate (%)	6.56
Partial Allotment Percentage of bids received at cut off rate (%)	69.20