The Reserve Bank of India will conduct overnight repo variable rate auction for a notified amount of ` 10,000 crore today (January 8, 2015, Thursday). The auction will be conducted between 4.00 pm and 4.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Successful bidders will get the allotment at their respective bid rates. Bids at or below the repo rate will be rejected. The reversal of the repo will take place on January 9, 2015 (Friday).
Ajit Prasad
Assistant General Manager
Press Release : 2014-2015/1434
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