Friday, Apr 19 2024 | Time 14:01 Hrs(IST)
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Business Economy


RBI to conduct 4 day and 7 day variable rate Reverse Repo Auctions under LAF Today

Mumbai, Aug 01(UNI)The Reserve Bank of India will conduct a 4 day variable rate Reverse Repo auction of Rs 25,000 crore and 7 day variable rate Reverse Repo auction of Rs 10,000 crore under LAF today.
The auctions will be conducted between 1500 hrs and 1530 hrs as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.
The reversal of the 4 day variable rate reverse repo auction will take place on August 5, 2016 (Friday) and reversal of 7 day variable rate reverse repo auction wiil take place on August 8, 2016 (Monday)
Successful offers will get accepted at their respective offered rates.
Offers at or above the repo rate will be rejected.
UNI JS NV AW1419
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