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RBI to conduct 3 day Reverse Repo Auction

India Blooms News Service | | Dec 14, 2014, at 03:22 am

#RBI to conduct 3 day Reverse Repo Auction

Mumbai, Dec 12 (IBNS) The Reserve Bank of India (RBI) will conduct 3 day Reverse Repo Auction under LAF Friday for Rs. 15,000 Crore between 4.00 pm and 4.30 pm.

The auction will be conducted between 4.00pm and 4.30pm 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 3 day reverse repo will take place on December 15, 2014 (Monday).

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