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Fixed Rate Reverse Repo Operation on Saturday, December 10, 2016

December, 12th 2016
Taking into account the withdrawal of the incremental CRR effective from the fortnight beginning December 10, 2016 and with a view to provide flexibility to the banking system for its liquidity management, the Reserve Bank of India has decided to conduct Fixed Rate Reverse Repo operation on December 10, 2016 (Saturday) between 11.00 am and 12.00 noon. The reversal will take place on December 13, 2016 (Tuesday). Further, as communicated vide press release dated February 17, 2016, the Fixed Rate Reverse Repo and MSF operations on December 12, 2016 (being RTGS-working-Mumbai Holiday) would be conducted as per usual schedule. Ajit Prasad Assistant Adviser Press Release : 2016-2017/1483