RBI to Conduct 21 -Day Term Repo Variable Rate Auction Rs 50,000 crore on 14 March

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Mumbai (ABC Live): As announced on February 18, 2014, the Reserve Bank of India has decided to conduct a 21 -day term repo variable rate auction for a notified amount of `50,000 crore on March 14, 2014 (Friday).

The reversal will be on April 4, 2014 (Friday). The auction will be conducted as per the revised guidelines issued on February 13, 2014. There will be no term repo auction on March 18, 2014 when the existing 28-day term repo of ` 30,004 crore matures.