RBI to conduct 9 day variable rate reverse repo auction under LAF today for ₹ 350 billion between 4.00 pm and 4.30 pm

All Banking Updates

The Reserve Bank of India will conduct 9 day variable rate reverse repo auction for a notified amount of ₹ 350 billion today (June 28, 2016, Tuesday). 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 9 day variable rate reverse repo will take place on July 07, 2016 (Thursday).

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/3018