RBI to conduct overnight variable rate repo auction under LAF Today For ₹ 150 billion between
February, 24th 2016
The Reserve Bank of India will conduct overnight variable rate repo auction for a notified amount of ₹ 150 billion today (February 24, 2016, Wednesday). The auction will be conducted between 11.00 am and 11.30 am 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 variable rate repo will take place on February 25, 2016 (Thursday).