Today, the Reserve Bank conducted long term repo operations (LTROs) for a notified amount of ₹ 25,000 crore with a 3-year tenor in pursuance of the announcement vide press release dated March 16, 2020. 2. The total bids received amounted to ₹ 27,096 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 1.1. 3. Allotment was done for all bids on a pro rata basis as given below: | Tenor | 3-year | | Date of Reversal | March 17, 2023 | | Notified Amount (in ₹ crore) | 25,000 | | No of bids received | 21 | | Total amount of bids received (in ₹ crore) | 27,096 | | Amount allotted (in ₹ crore) | 25,012 | | Pro-rata Allotment Percentage (%) | 92.27 | Ajit Prasad
Director Press Release: 2019-2020/2080 | |