RBI to conduct 8 day Variable Rate Reverse Repo Auction
The Reserve Bank of India will conduct 8 day variable rate reverse repo auction for a notified amount of 300 billion today (September 06, 2016, Tuesday). 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 be accepted at their respective offered rates.
Offers at or above the repo rate will be rejected.
The reversal of the 8 day variable rate reverse repo will take place on September 14, 2016 (Wednesday).