Term Repo Auctions during March 2015

In order to address the anticipated tightening in liquidity conditions on account of advance tax payments by corporates commencing mid-March 2015 and with a view to providing flexibility to the banking system in its liquidity management towards March-end 2015, the Reserve Bank of India will conduct term repo auctions of appropriate amounts and tenors (in addition to the normal 14-day Term Repo auctions) as considered necessary.

Further, as a special case, the Reserve Bank of India has also decided to allow the Standalone Primary Dealers to participate along with other eligible participants in the four regular 14-day term repo auctions to be conducted during the reporting fortnight starting from March 21, 2015 within the usual notified amount. The dates of auctions and the notified amount under each auction will be announced in due course.

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/1858

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