Term Repo Auctions under Liquidity Adjustment Facility

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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)	Tenor (days)	Date of Reversal
1	September 13, 2019 (Friday)	25,500	14	September 27, 2019 (Friday)
2	September 17, 2019 (Tuesday)	25,500	14	October 1, 2019 (Tuesday)
3	September 20, 2019 (Friday)	25,000	14	October 4, 2019 (Friday)
4	September 24, 2019 (Tuesday)	25,000	13	October 7, 2019 (Monday)

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.

N. Shanmugaram
Assistant General Manager

Press Release: 2019-2020/676