Reuters logo
India central bank to conduct 4-day term reverse repo variable rate auction
May 30, 2014 / 2:17 PM / 3 years ago

India central bank to conduct 4-day term reverse repo variable rate auction

MUMBAI, May 30 (Reuters) - India’s central bank on Friday said it will conduct a 4-day term reverse repo variable rate auction for 150 billion rupees ($2.54 billion) on June 2 after assessing the evolving liquidity conditions.

The Reserve Bank of India can also accept an additional 100 billion rupees under a greenshoe option, it said in a statement. ($1 = 59.0150 Indian Rupees) (Reporting by Nandita Bose; Editing by Alison Williams)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below