Central Banks
Add as a preferred source on GoogleThe bidding window is 12:15 to 12:45 a.m. ET (05:15-05:45 UTC), and the operation is scheduled to reverse Nov. 4.
The Reserve Bank of India set a ₹50,000 crore offer for a one-day variable rate reverse repo auction under its liquidity adjustment facility on Tuesday, Nov. 3, after assessing liquidity conditions.
The bidding window runs from 12:15 to 12:45 a.m. ET (05:15-05:45 UTC). The RBI listed Wednesday, Nov. 4, as the operation’s reversal date.
The central bank said the auction will follow the operating guidelines in its Feb. 13, 2020, press release.
Same-day facilities absorbed ₹146,312 crore, while outstanding operations injected ₹132,858.87 crore net.
Bids reached ₹1.86666 trillion, and the weighted average rate was 5.59%.
One-leg overnight volume was ₹7.09 trillion, and the central bank scheduled a ₹1.5 trillion repo auction for Oct. 26.
