RBI to conduct 6 day variable rate Repo Auction under LAF Today For Rs. 10,000 Crore between 11.00 am and 11.30 am
April, 29th 2015
The Reserve Bank of India will conduct 6 day variable rate repo auction for a notified amount of Rs. 10,000 crore today (April 29, 2015, 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 6 day variable rate repo will take place on May 5, 2015 (Tuesday).