As announced in the revised Liquidity Management Framework on August 22, 2014, Reserve Bank will conduct regular variable rate 14 day term repos four times during a reporting fortnight. Accordingly, four term repo auctions will be conducted as per the schedule given hereunder: | Sl.No. | Date of Auction | Notified Amount (₹ Billion) | Tenor (days) | Date of Reversal | | 1 | September 30, 2016 (Friday) | 195 | 14 | October 14, 2016 (Friday) | | 2 | October 04, 2016 (Tuesday) | 190 | 14 | October 18, 2016 (Tuesday) | | 3 | October 07, 2016 (Friday) | 190 | 14 | October 21, 2016 (Friday) | | 4 | October 10, 2016 (Monday) | 190 | 15 | October 25, 2016 (Tuesday) | The auctions will be conducted as per the revised guidelines issued on February 13, 2014. Successful bidders will get the allotment at their respective bids. As indicated in the ‘Term Repo under Liquidity Adjustment Facility-Operational Guidelines’ dated October 08, 2013, the RBI reserves the right to inject less than the notified amount without assigning any reasons therefor. Ajit Prasad
Assistant Adviser Press Release : 2016-2017/806 | |