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RBI to conduct 3 day Reverse Repo Auction for Rs 50,000 cr today

By Religare
|

The Reserve Bank of India on Tuesday said it will conduct 3 day variable rate reverse repo auction for a notified amount of Rs 50,000 crore today, i.e., April 7, 2015.

"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," RBI said in a notification.

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 3 day variable rate reverse repo will take place on April 10, 2015, it added.

Story first published: Tuesday, April 7, 2015, 23:00 [IST]
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