RBI to conduct Overnight Variable Rate Reverse Repo Auction under LAF on May 29, 2019

The Reserve Bank of India will conduct the following Variable Rate Reverse Repo Auction on May 29, 2019, Wednesday, 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 1 350 1 1.30 pm to 2.00 pm May 30, 2019 (Thursday) 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 : 2018-2019/2784

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