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Repo/Reverse Repo Auctions under Liquidity Adjustment Facility
82105243

Repo/Reverse Repo Auctions under Liquidity Adjustment Facility

(Rs. crore)

 

 

REPO
(INJECTION)

REVERSE REPO
(ABSORPTION)

Net injection(+)/

 

LAF

Repo period

Bids
Received

Bids
Accepted

 

Bids
Received

Bids
Accepted

 

absorption
(-) of

Out
standing

Date

(Day(s))

Number

Amount

Number

Amount

Cut-Off Rate(%)

Number

Amount

Number

Amount

Cut-Off Rate(%)

liquidity
(6-11)

Amount @

1

2

3

4

5

6

7

8

9

10

11

12

13

14

May 21, 2007

1

8

2,530

8

2,530

7.75

2,530

 

$

1

18

9,480

18

9,480

7.75

2

295

2

295

6.00

9,185

–11,715

May 22, 2007

1

1

225

1

225

7.75

225

 

$

1

12

5,055

12

5,055

7.75

2

95

2

95

6.00

4,960

–5,185

May 23, 2007

1

 

$

1

5

5,775

5

5,775

7.75

1

10

1

10

6.00

5,765

–5,765

May 24, 2007

1

2

300

2

300

7.75

300

 

$

1

8

6,455

8

6,455

7.75

1

25

1

25

6.00

6,430

–6,730

May 25, 2007

3

6

1,595

6

1,595

7.75

1,595

 

$

3

7

3,415

7

3,415

7.75

3

320

3

320

6.00

3,095

–4,690

@ : Net of overnight repo.
' — ' :  No bid was received in the auction.
$ :  Second LAF auction introduced with effect from November 28, 2005.
Note : With effect from March 5, 2007, daily reverse repo absorptions have been limited to a
maximum of Rs.3,000 crore each day comprising
Rs. 2,000 crore in the first LAF & Rs. 1,000 crore in the second LAF.

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