The Reserve Bank of India will conduct 28 day variable rate repo auction for a notified amount of ₹ 250 billion on February 12, 2016, (Friday). The auction will be conducted between 9.30 am and 10.00 am 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 28 day variable rate repo will take place on March 11, 2016 (Friday).

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/1905