RBI to conduct overnight variable rate Repo Auction under LAF on February 24, 2015 For Rs. 15,000 Crore between 12.00 pm and 12.30 pm
February, 24th 2015
The Reserve Bank of India will conduct overnight repo variable rate auction for a notified amount of Rs. 15,000 crore on February 24, 2015 (Tuesday). 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. 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 overnight repo will take place on February 25, 2015 (Wednesday).