RBI to conduct 7 day variable rate reverse repo auction under LAF today for ₹ 100 billion between 4.00 pm and 4.30 pm

All Banking Updates

The Reserve Bank of India will conduct 7 day variable rate reverse repo auction for a notified amount of ₹ 100 billion today (June 22, 2016, Wednesday). The auction will be conducted between 4.00 p.m. and 4.30 p.m. as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Successful offers will be accepted at their respective offered rates. Offers at or above the repo rate will be rejected. The reversal of the 7 day variable rate reverse repo will take place on June 29, 2016 (Wednesday).

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/2976