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Result of 1-year Long Term Repo Operation (LTRO), February 24, 2020

Today, the Reserve Bank conducted the second long term repo operation (LTRO) for a notified amount of ₹ 25,000 crore with a 1-year tenor in pursuance of the LTROs announced vide press release dated February 7, 2020.

2. The total bids that were received amounted to ₹ 1,23,154 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 4.9.

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

Tenor 1-year
Date of Reversal February 23, 2021
Notified Amount (in ₹ crore) 25,000
No of bids received 52
Total amount of bids received (in ₹ crore) 1,23,154
Amount allotted (in ₹ crore) 25,021
Pro-rata Allotment Percentage (%) 20.30

Ajit Prasad
Director  

Press Release: 2019-2020/1979

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