Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: TDS :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT RATES :: cpt :: ACCOUNTING STANDARD :: VAT Audit :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4%
Latest Circulars »
 RBI to conduct Overnight variable rate Reverse Repo auction under LAF today for ₹ 200 billion between 4.00 pm and 4.30 pm
 Stagnation in sales and sustained profitability characterised performance of the private corporate business sector during the first quarter of 2016-17
 Moderation in All-India House Price Index growth reverts in Q1:2016-17
  Evolution of Payment Systems in India: Or is it a Revolution? (Shri R. Gandhi, Deputy Governor - October 22, 2016 - at the Banaras Hindu University, Varanasi)
 Framework for imposing monetary penalty on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007
 Evolution of Payment Systems in India: Or is it a Revolution? (Shri R. Gandhi, Deputy Governor - October 22, 2016 - at the Banaras Hindu University, Varanasi)
 RBI-Framework for imposing monetary penalty on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007
 RBI-Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines
  Registrations open for NCFE’s NFLAT (National Financial Literacy Assessment Test)
 Sovereign Gold Bond Scheme 2016 -17 – Series III
 Minutes of the Monetary Policy Committee Meeting October 3-4, 2016

RBI announces 28-Day Variable Rate Repo Auction and OMO Purchase of Government of India Dated Securities
December, 08th 2015

Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank of India (RBI) has decided to conduct the following operations:

  1. 28-day variable rate repo auction for a notified amount of ₹ 250 billion on December 4, 2015 (Friday). The auction will be conducted between 12.30 p.m. and 1.00 p.m. 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 28-day variable rate repo will take place on January 1, 2016 (Friday).

  2. Open Market Operations by purchasing the following government securities for an aggregate amount of ₹ 100 billion on December 7, 2015 (Monday) through auction using the multiple price method:

Sr. No Security Date of Maturity
1 7.83% GS 2018 11-Apr-2018
2 7.28% GS 2019 3-Jun-2019
3 8.40% GS 2024 28-Jul-2024
4 7.88% GS 2030 19-Mar-2030

The overall aggregate ceiling of ₹100 billion applies to all the securities in the basket put together. There is no security-wise notified amount.

The Reserve Bank reserves the right to:

• decide on the quantum of purchase of individual securities.

• accept less than the aggregate amount of ₹100 billion.

• purchase marginally higher than the aggregate amount due to rounding effects.

• accept or reject any or all of the offers either wholly or partially without assigning any reason.

Eligible participants should submit their offers in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on December 7, 2015 (Monday). Only in the event of system failure, physical offers would be accepted. Such physical offer should be submitted to Financial Markets Operations Department (email: Phone no: 022-22630982) in the prescribed form obtainable from RBI website (


The result of the auction will be announced on the same day and payment to successful offerers will be made during banking hours on December 8, 2015 (Tuesday). Successful offerers may note to make available the requisite amount of securities in their SGL account by 12 noon on December 8, 2015 (Tuesday).

Alpana Killawala
Principal Chief General Manager

Press Release : 2015-2016/1301

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions