Term Repo Auctions under Liquidity Adjustment Facility

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
(in ₹ Crore)
Date of Reversal
1 December 6, 2019 (Friday) 25,500 14 December 20, 2019 (Friday)
2 December 10, 2019 (Tuesday) 25,500 14 December 24, 2019 (Tuesday)
3 December 13, 2019 (Friday) 25,500 14 December 27, 2019 (Friday)
4 December 17, 2019 (Tuesday) 25,500 14 December 31, 2019 (Tuesday)

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.

Ajit Prasad

Press Release : 2019-2020/1348

from PRESS RELEASES FROM RBI https://ift.tt/2PcmSvO

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