RBI to conduct 7-day Variable Rate Reverse Repo auction under LAF on August 28, 2018

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auction on August 28, 2018, Tuesday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Sl. No. Notified Amount (₹ billion) Tenor (day/s) Window Timing Date of Reversal 1. 300 7 2.30 pm to 3.00 pm September 04, 2018 (Tuesday) Successful offers will get accepted at their respective offered rates. Offers at or above the repo rate will be rejected. Ajit Prasad Assistant Adviser Press Release : 2018-2019/471

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