The Reserve Bank of India will conduct an Overnight Variable Rate Repo auction for a notified amount of ₹ 600 billion today (December 8, 2016, Thursday). The auction will be conducted between 10.30 am and 11.00 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 Overnight Variable Rate Repo will take place on December 9, 2016 (Friday).

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/1450