The Reserve Bank will conduct a one day reverse repo variable rate auction for a notified amount of Rs. 50,000 crore today (September 4, 2014, Thursday). The auction will be conducted between 5.00 PM and 5.30 PM as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Successful offers will get the allotment at their respective offered rates. Offers at or above the repo rate will be rejected. The reversal of the overnight reverse repo will take place on September 05, 2014 (Friday).
Principal Chief General Manager
Press Release : 2014-2015/479