Term Repo Auctions under Liquidity Adjustment Facility

As announced in the revised Liquidity Management Framework on August 22, 2014, Reserve Bank will conduct regular variable rate 14 day term repos four times during a reporting fortnight. Accordingly, four term repo auctions will be conducted as per the schedule given hereunder:

Sl. No. Date of Auction Notified Amount
(₹ Billion)
Tenor
(days)
Date of Reversal
1 June 24, 2016 (Friday) 190 14 July 08, 2016 (Friday)
2 June 28, 2016 (Tuesday) 185 14 July 12, 2016 (Tuesday)
3 July 01, 2016 (Friday) 185 14 July 15, 2016 (Friday)
4 July 05, 2016 (Tuesday) 185 14 July 19, 2016 (Tuesday)

The auctions will be conducted as per the revised guidelines issued on February 13, 2014. Successful bidders will get the allotment at their respective bids. As indicated in the ‘Term Repo under Liquidity Adjustment Facility-Operational Guidelines’ dated October 08, 2013, the RBI reserves the right to inject less than the notified amount without assigning any reasons therefor.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/2987