Reserve Bank of India had stated vide its Press release dated February 15, 2018, that in order to address additional demand for liquidity and with a view to provide flexibility to the banking system in its liquidity management towards March-end, it is prepared to inject adequate additional liquidity using a combination of appropriate instruments, while continuing with its normal Liquidity Adjustment Facility (LAF) operations. After reviewing the current and evolving liquidity conditions in the banking system it has been decided to conduct additional variable rate repo operations for longer tenors to provide additional liquidity support to the banks during March 2018. Accordingly, Reserve Bank of India will conduct 4 variable rate Term Repo auctions in March 2018. These auctions will be conducted in addition to the regular 14 day variable rate Term Repo auctions and will be held every Tuesday between 10:00 am to 10:30 am. The details of auctions are as follows: | Sl. No. | Auction date | Notified Amount
(₹ Billion) | Tenor | Date of Reversal | | 1. | March 06, 2018 (Tuesday) | 250 | 31 days | April 06, 2018 (Friday) | | 2. | March 13, 2018 (Tuesday) | 250 | 28 days | April 10, 2018 (Tuesday) | | 3. | March 20, 2018 (Tuesday) | 250 | 24 days | April 13, 2018 (Friday) | | 4. | March 27, 2018 (Tuesday) | 250 | 28 days | April 24, 2018 (Tuesday) | Jose J. Kattoor
Chief General Manager Press Release : 2017-2018/2348 | |