RBI to conduct Overnight Variable rate Reverse Repo auction under LAF on May 16, 2019

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The Reserve Bank of India will conduct the following Variable rate Reverse Repo auction on May 16, 2019, Thursday, 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 1 300 1 1.30 pm to 2.00 pm May 17, 2019 (Friday) Successful offers will get accepted at their respective offered rates. Offers at or above the repo rate will be rejected. Anirudha D. Jadhav Assistant Manager Press Release : 2018-2019/2686

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