As announced in the revised Liquidity Management Framework on August 22, 2014, 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:

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 therefor.

Further, as announced vide our Press Release dated March 13, 2019, Standalone Primary Dealers would be eligible to participate in the auction to be conducted on March 29, 2019, along with other eligible participants, within the notified amount.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/2303