RBI to conduct 15-day repo auction of Rs61,000 crore
On 4 April, RBI had conducted a 13-day term repo auction of Rs60,000 crore
Mumbai: The Reserve Bank of India (RBI) will hold a 15-day term repo auction of Rs61,000 crore on Thursday, the central bank said on its website.
In the monetary policy on 1 April, RBI had hiked the cap for long-term repo of 7 and 14 days to 0.75% of banking deposits from 0.50% of deposits earlier.
Simultaneously, RBI curtailed the amount of money banks could get through overnight repo to 0.25% of bank deposits, from 0.50% earlier.
On 4 April, RBI had conducted a 13-day term repo auction of Rs60,000 crore.
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