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RBI to conduct Overnight and 7 day Variable rate Reverse Repo auctions under LAF on December 15, 2016

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on December 15, 2016 (Thursday) 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
1 500 1 9.30 am to 10.00 am December 16, 2016 (Friday)
2 500 7 9.30 am to 10.00 am December 22, 2016 (Thursday)

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 : 2016-2017/1529

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