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RBI to conduct Variable rate Reverse Repo auctions on June 12, 2017

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auctions on June 12, 2017, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

 

Sl. No. Notified Amount
(Rs. billion)
Tenor (day) Window Timing Date of Reversal
1 100 28 10.00 am to 10.30 am July 10, 2017 (Monday)
2 150 11 12.00 pm to 12.30 pm June 23, 2017 (Friday)
3 100 7 2.00 pm to 2.30 pm June 19, 2017 (Monday)

 

2. Successful offers will get accepted at their respective offered rates.

3. Offers at or above the repo rate will be rejected.

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/3338

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