RBI to conduct 28-day special term repo auction tomorrow

The auction will be conducted as per the revised guidelines issued on February 13, 2014

As announced in the Second Bi-Monthly Monetary Policy Statement for 2014-15, the Reserve Bank of India will conduct a special 28-day term repo variable rate auction for a notified amount of Rs. 20,000 crore on Friday, June 6, 2014. The auction will be conducted as per the revised guidelines issued on February 13, 2014. Successful bidders will get the allotment at their respective bids. The reversal of the 28-day term repo will take place on Friday, July 4, 2014.