Today, the Reserve Bank conducted the third long term repo operation (LTRO) for a notified amount of ₹25,000 crore with a 3-year tenor in pursuance of the LTROs announced vide press release dated February 25, 2020.

2. The total bids that were received amounted to ₹1,71,965 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 6.9.

3. Allotment was done for all bids on a pro-rata basis as given below:

Ajit Prasad
Director   

Press Release : 2019-2020/2011