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RBI to conduct Overnight and 7 day Variable rate Reverse Repo auctions under LAF Today

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions today (December 19, 2016, Monday) as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(₹ billion)
Tenor (day) Window Timing Date of Reversal
1 300 1 11.00 am to 11.30 am December 20, 2016 (Tuesday)
2 400 7 11.00 am to 11.30 am December 26, 2016 (Monday)

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 : 2016-2017/1561

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