As announced in the revised Liquidity Management Framework on August 22, 2014, the Reserve Bank will conduct regular variable rate 14 day term repos four times during a reporting fortnight. Accordingly, four term repo auctions will be conducted as per the schedule given hereunder:

Further, as announced on February 11, 2016, Standalone Primary Dealers are eligible to participate in the auctions to be conducted on March 22, 23 and 29, 2016 within the notified amount.

The auctions will be conducted as per the revised guidelines issued on February 13, 2014. Successful bidders will get the allotment at their respective bids. As indicated in the ‘Term Repo under Liquidity Adjustment Facility-Operational Guidelines’ dated October 08, 2013, the RBI reserves the right to inject less than the notified amount without assigning any reasons there for.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/2189