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Date : Feb 07, 2000
Three-day fixed rate repos on February 8
at 6.00 per cent : RBI

The Reserve Bank of India has announced three-day fixed rate repos in Government of India dated securities on February 8, 2000 for parties holding SGL Account and current account with it at Mumbai. The repo rate is 6.00 per cent per annum. Eligible banks/institutions may submit their applications indicating the volume of repos (face value) in the prescribed form obtainable at the Internal Debt Management Cell, Reserve Bank of India, Central Office Building (16th Floor), Mumbai. The applications should be addressed to the Chief General Manager, Internal Debt Management Cell, Reserve Bank of India, Central Office, Mumbai and submitted to him before 1.30 p.m. on February 8, 2000. The applications may be accepted fully or partially. Payment by applicants will be on February 8, 2000 up to 2.30 p.m. and the repurchase by the RBI on February 11, 2000.

Rupambara Padhi
Manager

Press Release : 1999-2000/1033


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