RBI to conduct 7 Day Repo Auction under LAF Today For Rs. 25,000 Crore between 4.00 pm and 4.30 pm
January, 21st 2015
The Reserve Bank of India will conduct 7 day repo variable rate auction for a notified amount of Rs. 25,000 crore today (January 21, 2015, Wednesday). The auction will be conducted between 4.00 pm and 4.30 pmas 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 repo will take place on January 28, 2015 (Wednesday).