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 | March 31, 2017 (Friday) | 215 | 13 | April 13, 2017 (Thursday) | | 2 | April 3, 2017 (Monday) | 205 | 15 | April 18, 2017 (Tuesday) | | 3 | April 7, 2017 (Friday) | 205 | 14 | April 21, 2017 (Friday) | | 4 | April 11, 2017 (Tuesday) | 205 | 14 | April 25, 2017 (Tuesday) | Further, as announced vide the Press Release dated March 29, 2017, Standalone Primary Dealers would be eligible to participate in the auction on March 31, 2017, along with other eligible participants, within the notified amount. 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. Anirudha D. Jadhav
Assistant Manager Press Release: 2016-2017/2602 | |