RBI to conduct 7-day Variable Rate Reverse Repo auction under LAF on August 31, 2018

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo auction on August 31, 2018, Friday, 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. 400 7 2.30 pm to 3.00 pm September 07, 2018 (Friday) 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 : 2018-2019/509

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