RBI to conduct 7-day Variable Rate Reverse Repo auction under LAF

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auction on July 26, 2018, Thursday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.

Sl. No. Notified Amount
(Rs. billion)
Tenor (day/s) Window Timing Date of Reversal
1. 150 7 2.30 pm to 3.00 pm August 2, 2018 (Thursday)

2. Successful offers will get accepted at their respective offered rates.

3. Offers at or above the repo rate will be rejected.

Ajit Prasad
Assistant Adviser

Source : RBI