Mumbai, Feb 23(UNI)The Reserve Bank of India (RBI) will conduct 4 day Variable rate Reverse Repo auctions under LAF for a notified amount of Rs 50,000 crore today. The auction will be carried out between 1400 hrs to 1430 hrs as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Reversal of the auction will be take place on February 27, 2017 (Monday) Successful offers will get accepted at their respective offered rates .Offers at or above the repo rate will be rejected. UNI JS SM1425