Quick Summary
The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on July 16, 2021, Friday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 14 10:30 AM to 11:00 AM July 30,
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FAQ :
The Reserve Bank of India will conduct a 14-day Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility (LAF).
The notified amount for the auction is ₹2,00,000 crore.
The auction will be conducted on July 16, 2021, between 10:30 AM and 11:00 AM.
The reversal of funds will occur on Friday, July 30, 2021.
No, the operational guidelines for the auction remain the same as those in the Reserve Bank's Press Release 2019-2020/1947 dated February 13, 2020.
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Notification No : Press Release: 2021-2022/536Published in Community & General
Source : https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51901