9. Repo/Reverse Repo Auctions under Liquidity Adjustment Facility

(Rs. crore)

REPO (INJECTION)

REVERSE REPO (ABSORPTION)

Net injection(+)

Repo

Outstanding

Bids Received

Bids Accepted

Bids Received

Bids Accepted

absorption(-) of

LAF

period

Cut-Off

Cut-Off

Amount @

Date

(Day(s))

Number

Amount

Number

Amount

Rate(%)

Number

Amount

Number

Amount

Rate(%)

liquidity (11-6)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

Nov.

8,2004

1

15

3,705

15

3,705

6.00

1

40

1

40

4.75

3,665

–3,665

Nov.

9,2004

1

30

7,915

30

7,915

6.00

2

170

2

170

4.75

7,745

–7,745

Nov.

10, 2004

1

26

7,080

26

7,080

6.00

3

70

3

70

4.75

7,010

–7,010

Nov.

11, 2004

5

33

14,135

33

14,135

6.00

2

60

2

60

4.75

14,075

–14,075

@: Net of overnight repo.
' — ' : No bid was received in the auction.
Note: With effect from October 29, 2004 nomenclature of Repo and Reverse Repo has been interchanged
as per international usages. Till October 28, 2004, Repo indicated absorption of liquidy whereas
Reverse Repo meant injection of liquidity by the Reserve Bank.