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RBI to conduct 14 day and 28 day variable rate Reverse Repo Auctions under LAF Today

The Reserve Bank of India will conduct following variable rate reverse repo auctions today (July 04, 2016, Monday) between 11.00 am and 11.30 am as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl No. Notified Amount
(₹ Billion)
Tenor Date of Reversal
1 300 14 July 18, 2016 (Monday)
2 300 28 August 01, 2016 (Monday)

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

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/21

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