The Reserve Bank of India will conduct 8 day term repo variable rate auction for a notified amount of ` 35,000 crore tomorrow (February 10, 2015, Tuesday). The auction will be conducted between 12.00 pm and 12.30 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 repo will take place on February 18, 2015 (Wednesday).

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/1673