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RBI to conduct Overnight and 8 day variable rate Reverse Repo Auctions under LAF Today

The Reserve Bank of India will conduct following variable rate reverse repo auctions today (August 30, 2016, Tuesday) between 4.00 p.m. and 4.30 p.m. as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl No. Notified Amount
(₹ Billion)
Tenor Date of Reversal
1 100 1 August 31, 2016 (Wednesday)
2 100 8 September 7, 2016 (Wednesday)

Successful offers will get the allotment at their respective offered rates. Offers at or above the repo rate will be rejected.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/535

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