RBI to conduct 28 day variable rate repo auction under LAF today for ₹ 200 billion between 12.30 pm and 1.00 pm
May, 17th 2016
The Reserve Bank of India will conduct 28 day variable rate repo auction for a notified amount of ₹ 200 billion today (May 17, 2016, Tuesday). 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 June 14, 2016 (Tuesday).