RBI To Conduct 4 Day Variable Rate Reverse Repo Auction For Rs l5,000 Cr

03 December, Mumbai

The Reserve Bank of India (RBI) will conduct 4 day variable rate reverse repo auction for a notified amount of Rs 15,000 crore Thursday.

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

The reversal of the 4 day variable rate reverse repo will take place on December 7, 2015 (Monday).