RBI to conduct reverse repo auction of Rs 25,000 cr on Sept 2
02/09/2014 12:34
The Reserve Bank on Tuesday said it will conduct a one day reverse repo variable rate auction for a notified amount of Rs 25,000 crore today. “The auction will be conducted between 5.00 PM - 5.30 PM as per the revised guidelines on Term Repo Auctions issued on February 13, 2014,” RBI said in a press release. 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 overnight reverse repo will take place on September 03, 2014, it added.
02/09/2014 12:34
The Reserve Bank on Tuesday said it will conduct a one day reverse repo variable rate auction for a notified amount of Rs 25,000 crore today. “The auction will be conducted between 5.00 PM - 5.30 PM as per the revised guidelines on Term Repo Auctions issued on February 13, 2014,” RBI said in a press release. 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 overnight reverse repo will take place on September 03, 2014, it added.
