RBI to conduct Variable Rate Reverse Repo Auctions today

| Updated: May 11, 2017 15:33 IST

Mumbai [India], May 11 (ANI): The Reserve Bank of India (RBI) will conduct 7 day, 14 day and 28 day variable rate reverse repo auctions under LAF on Thursday. According to an RBI press release issued this week, the central bank will conduct the variable rate reverse repo auctions as per the revised guidelines on term repo auctions issued on February 13, 2014. Day Notified Amt. TenorWindow Timing Date of Reversal 1250 28 10.00 am to 10.30 amJune 8, 2017 (Thursday) 2400 14 12.00 pm to 12.30 pmMay 25, 2017 (Thursday) 3450 7 2.00 pm to 2.30 pmMay 18, 2017 (Thursday) 2. Successful offers will get accepted at their respective offered rates. 3. Offers at or above the repo rate will be rejected. (ANI)
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