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FOREIGN EXCHANGE MANAGEMENT

With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.

Press Release


PDF document (295 kb)
Date : Sep 08, 2021
RBI to conduct 15-day Variable Rate Reverse Repo auction under LAF on September 09, 2021

The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on September 09, 2021, Thursday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor (day) Window Timing Date of Reversal
1 3,50,000 15
(September 10, 2021 being a holiday)
10:30 AM to 11:00 AM September 24, 2021
(Friday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

Ajit Prasad
Director   

Press Release: 2021-2022/828


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