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RBI to conduct Overnight variable rate reverse repo auction under LAF Today For 500 billion between 4.00 pm and 4.30 pm
September, 15th 2016

The Reserve Bank of India will conduct Overnight variable rate reverse repo auction for a notified amount of 500 billion today (September 15, 2016, Thursday). The auction will be conducted between 4.00 pm and 4.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Successful offers will be accepted at their respective offered rates. Offers at or above the repo rate will be rejected. The reversal of the Overnight variable rate reverse repo will take place on September 16, 2016 (Friday).

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/673

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