Today, the Reserve Bank conducted long term repo operations (LTROs) for a notified amount of ₹ 25,000 crore with a 3-year tenor in pursuance of the announcement vide press release dated March 16, 2020.

2. The total bids received amounted to ₹ 27,096 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 1.1.

3. Allotment was done for all bids on a pro rata basis as given below:

Ajit Prasad
Director  

Press Release: 2019-2020/2080