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RBI to conduct 9 day reverse repo auctions under LAF today

By Religare
|

The Reserve Bank of India on Monday said it will conduct reverse repo auctions today, i.e., September 07, 2015, between 4.00 p.m. and 4.30 p.m. as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

"The central bank will sell Rs 150 billion for 1 day repo auction on September 08, 2015 while it will sell Rs 150 billion for 9 day repo auction on September 16, 2015," 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.

Story first published: Monday, September 7, 2015, 23:00 [IST]
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