1. RBI to conduct overnight variable rate reverse repo auction under LAF today

RBI to conduct overnight variable rate reverse repo auction under LAF today

The Reserve Bank of India will conduct overnight variable rate reverse repo auction for a notified amount of ? 25,000 crore on Monday evening.

By: | Published: June 23, 2015 6:50 AM

The Reserve Bank of India will conduct overnight variable rate reverse repo auction for a notified amount of ? 25,000 crore on Monday evening.

The auction will be conducted between 4 p.m. and 4.30 p.m. as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

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 variable rate reverse repo will take place on Tuesday (June 23).

Calculate your income tax post budget 2018 through this Income Tax Calculator, get latest news on Budget 2018 and Auto Expo 2018. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top