RBI to conduct 7-day Variable rate Reverse Repo auction under LAF on December 3, 2018

The Reserve Bank of India will conduct the following Variable rate Reverse Repo auction on December 3, 2018, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014. Sl. No. Notified Amount (₹ billion) Tenor (day) Window Timing Date of Reversal 1. 600 7 3.30 pm to 4.00 pm December 10, 2018 (Monday) 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 : 2018-2019/1266

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