Today Debt Market News : 23.08.2016

Today Debt Market News : 23.08.2016
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RBI to conduct overnight repo auction for Rs 100 bn on Aug 23
23/08/2016 16:46
The Reserve Bank of India will conduct Overnight variable rate reverse repo auction for a notified amount of Rs 100 billion on August 23, 2016.
The auction will be conducted between 4.15 pm and 4.45 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 Overnight variable rate reverse repo will take place on August 24, 2016.
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GoI to sell four dated securities for Rs 14k cr on Aug 26
23/08/2016 11:20
The Reserve Bank of India said it will auction four dated government securities for Rs 14,000 crore on August 26 using multiple price method. “The auctions will be conducted using multiple price method,” RBI said in a notification. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 26, 2016. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. The result of the auctions will be announced on August 26, 2016, it added.
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