The Reserve Bank of India will conduct 3 day variable rate repo auction for a notified amount of ₹ 150 billion today (May 24, 2016, Tuesday). The auction will be conducted between 4.15 pm and 4.45 pm 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 3 day variable rate repo will take place on May 27, 2016 (Friday).

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/2731