RBI to conduct 7-day Variable Rate Reverse Repo auction under LAF on May 16, 2018

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auction on May 16, 2018, Wednesday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ billion)
Window Timing Date of Reversal
1. 250 7 2.30 pm to 3.00 pm May 23, 2018 (Wednesday)

2. Successful offers will get accepted at their respective offered rates.

3. Offers at or above the repo rate will be rejected.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/2999

Source: RBI Press Releases

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