The Reserve Bank of India will conduct 21 day variable rate repo auction for a notified amount of ₹ 300 billion on March 15, 2016 (Tuesday). The auction will be conducted between 9.15 am and 9.45 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 21 day variable rate repo will take place on April 05, 2016 (Tuesday).

Ajit Prasad
Assistant Adviser

Press Release: 2015-2016/2157