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RBI to conduct 2 day and 15 day variable rate Reverse Repo Auctions under LAF Today

The Reserve Bank of India will conduct the following variable rate reverse repo auctions today (August 22, 2016, Monday) between 4.00 pm and 4.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl No. Notified Amount
(₹ billion)
Tenor Date of Reversal
1. 150 2 August 24, 2016 (Wednesday)
2. 150 15 September 06, 2016 (Tuesday)

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

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/457

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