RBI To Conduct Overnight Variable Rate Repo Auction For Rs 20,000 Cr

16 November, Mumbai

The Reserve Bank of India (RBI) will conduct Overnight variable rate repo auction under LAF for a notified amount of Rs 20,000 crore today.

The auction will be conducted between 1600 hrs and 1630 hrs as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Successful bidders will get the allotment at their respective bid rates. Bids at or below the repo rate will be rejected.

The reversal of the Overnight variable rate repo will take place on November 17, 2015 (Tuesday).