RBI to conduct 2 day variable rate Reverse Repo Auction under LAF Today For Rs. 40,000 Crore between 12.00 pm and 12.30 pm

March 03, 2015 / 10:05 IST

The Reserve Bank of India will conduct 2 day variable rate reverse repo auction for a notified amount of Rs. 40,000 crore today (March 3, 2015, Tuesday). The auction will be conducted between 12.00 pm and 12.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Successful offers will get the allotment at their respective offered rates. Offers at or above the repo rate will be rejected. The reversal of the 2 day variable rate reverse repo will take place on March 5, 2015 (Thursday).

Ajit Prasad Assistant General Manager

Press Release : 2014-2015/1840

first published: Mar 3, 2015 10:05 am

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