RBI to conduct 3 day and 18 day repo auction for Rs 400 bn on Aug 19

RBI to conduct 3 day and 18 day repo auction for Rs 400 bn on Aug 19
19/08/2016 12:33
The Reserve Bank of India will conduct 3 day and 18 day variable rate reverse repo auction for a notified amount of Rs 400 billion on August 19, 2016.
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, RBI said in a notification.
Successful offers will be accepted at their respective offered rates. Offers at or above the repo rate will be rejected.
The reversal of the 3 day and 18 day variable rate reverse repo will take place on August 22 and September 06 2016.
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