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Results of 3-year Long Term Repo Operation (LTRO), March 18, 2020

Today, the Reserve Bank conducted long term repo operations (LTROs) for a notified amount of ₹ 25,000 crore with a 3-year tenor in pursuance of the announcement vide press release dated March 16, 2020.

2. The total bids received amounted to ₹ 27,096 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 1.1.

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

Tenor 3-year
Date of Reversal March 17, 2023
Notified Amount (in ₹ crore) 25,000
No of bids received 21
Total amount of bids received (in ₹ crore) 27,096
Amount allotted (in ₹ crore) 25,012
Pro-rata Allotment Percentage (%) 92.27

Ajit Prasad
Director  

Press Release: 2019-2020/2080

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