RBI to conduct overnight variable rate Repo Auction under LAF for Rs 1,000 bn

India Infoline News Service | Mumbai | November 28, 2016 12:15 IST

The auction will be conducted between 2 pm and 2.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Reserve Bank of India logo
The Reserve Bank of India will conduct an Overnight Variable Rate Repo auction for a notified amount of Rs 1,000 billion today (November 28, 2016, Monday).

The auction will be conducted between 2 pm and 2.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Successful bidders will get the allotment at their respective bid rates. Bids at or below the repo rate will be rejected. The reversal of the Overnight Variable Rate Repo will take place on November 29, 2016 (Tuesday).
 

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