RBI to issue quarterly calender of repos auctions

Our Banking Bureau

Mumbai, Oct 15: The Reserve Bank of India (RBI) on Monday decided to replace the system of daily announcement/issue of press release regarding (daily) repos and reverse repos auction under the scheme of liquidity adjustment facility (LAF) with a quarterly calender of auctions.

The auction calender indicates the period of repos and reverse repos auction under LAF, for every working day of the current calender year.

The RBI will, therefore, not issue a daily press release announcing these auctions.