RBI enhances auction amount for Repo auction of March 26, to Rs50,000cr

In a partial modification to the above press release, it has been decided to enhance the amount of the auction scheduled for March 26, 2020, i.e., today to Rs50,000cr from Rs25,000cr, RBI said.

Mar 26, 2020 06:03 IST India Infoline News Service

Reserve Bank of India
The Reserve Bank of India (RBI) had advanced the variable rate term repo auction of Rs25,000cr from March 30, 2020, to March 26, 2020.

In partial modification to the press release, it has been decided to enhance the amount of the auction scheduled for March 26, 2020, i.e., today to Rs50,000cr from Rs25,000cr, RBI said.

All other details regarding the auction would remain the same. There is no change in the auction scheduled for March 31, 2020, the central bank said in the release.

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