The Reserve Bank of India will conduct Overnight Variable rate Reverse Repo auction for a notified amount of ₹ 1500 billion today (December 14, 2016, Wednesday). The auction will be conducted between 11.00 am and 11.30 am 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 Overnight Variable rate Reverse Repo will take place on December 15, 2016 (Thursday).

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/1512