RBI to direct two-day variable rate reverse repo closeout

The Reserve Bank of India will lead a two-day variable rate reverse repo closeout for an informed measure of Rs.15,000 crore on Monday.

The closeout will be directed between 4 p.m. what’s more, 4.30 p.m. according to the overhauled rules on Term Repo Auctions issued on February 13, 2014.

Effective offers will get the allocation at their individual offered rates. Offers at or over the repo rate will be dismisses.

The inversion of the two-day variable rate reverse repo will occur on July 15, a RBI press discharge said.

 

ANI

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