As announced in the Second Bi-Monthly Monetary Policy Statement for 2014-15, the Reserve Bank of India will conduct a special 28-day term repo variable rate auction for a notified amount of Rs. 20,000 crore on Friday, June 6, 2014. The auction will be conducted as per the revised guidelines issued on February 13, 2014. Successful bidders will get the allotment at their respective bids. The reversal of the 28-day term repo will take place on Friday, July 4, 2014.

Ajit Prasad

Assistant General Manager

Term repo auction to provide short-term liquidity under revised guidelines; allotment at bidders' rates and subsequent reversal. A special 28 day term repo auction will be conducted under revised operational guidelines as a variable rate facility for a notified amount; successful bidders will receive allotment at their respective bid rates and the accommodation will be reversed at the end of the term.