The Reserve Bank will conduct a one day reverse repo variable rate auction for a notified amount of ` 8,000 crore today (September 24, 2014, Wednesday). The auction will be conducted between 3.00 PM and 3.30 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 25, 2014 (Thursday).

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/619