RBI to conduct 3 day Reverse Repo Auction under LAF Today For Rs. 25,000 Crore between 3.45 pm and 4.15 pm
October, 10th 2014
The Reserve Bank of India will conduct 3 day reverse repo variable rate auction for a notified amount of Rs. 25,000 crore today (October 10, 2014, Friday). The auction will be conducted between 3.45 PM and 4.15 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 overnight reverse repo will take place on October 13, 2014 (Monday).