The Reserve Bank of India will conduct overnight variable rate repo auction for a notified amount of ₹10,000 crore today (May 25, 2015, Monday). The auction will be conducted between 3.45 pm and 4.15 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 overnight variable rate repo will take place on May 26, 2015 (Tuesday).

Pradip Lombar
Assistant Manager

Press Release : 2014-2015/2485