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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 (340 kb)
Date : Apr 29, 2024
RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF on April 29, 2024

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on April 29, 2024, Monday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor (day) Window Timing Date of Reversal
1 1,00,000 4 12:00 Noon to 12:30 PM 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: 2024-2025/200


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