The Reserve Bank of India will conduct 7 day variable rate repo auction for a notified amount of Rs. 20,000 crore today (April 21, 2015, Tuesday). The auction will be conducted between 12.00 pm and 12.30 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 7 day variable rate repo will take place on April 28, 2015 (Tuesday).

Ajit Prasad
Assistant General Manager

Press Release : 2014-2015/2214