Financial Daily
from THE HINDU group of publications
Monday, June 05, 2000
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Financial Daily from THE HINDU group of publications Monday, June 05, 2000 |
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Repo, reverse auctions today
Our Bureau
MUMBAI, June 4
THE Reserve Bank of India, under its LAF (Liquidity Adjustment Facility) scheme, has announced a one-day repo auction and reverse auction in Government of India dated securities and Treasury Bills of all maturities except 14-day Treasury Bills on Monday
for parties holding SGL account and current account with it here.
The RBI has asked eligible banks/institutions to submit separate applications before 11 a.m. on Monday indicating the amount in face value and the repo rate in per cent rounded off to the nearest five basis points for repo auction and reverse repo auctio
n.
Payment by the successful bidders in the repo auction and release of funds to successful bidders in the reverse repo auction will be on Monday up to 2.30 p.m. and the repurchase/resale by RBI will be on Tuesday.
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