Repo / Reverse Repo
Repo is a short term borrowing for dealers in the Government securities. In India, Repo and Reverse RepoReverse repo rate is the rate of interest at which the RBI borrows funds from other banks in the short term. This is done by ..... transactions are done only in Mumbai and only between the parties approved by Reserve Bank of IndiaThe Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934 with ......
RBI sells and purchases the government Securities in Reverse Repo and Repo auctions. A summary of these auctions is released by RBI every day. For example on November 18, 2010 the following summary is released by the RBI.
The results of the RBI Repo/Reverse Repo auctions held on November 18, 2010 are:
Amount (face valueThe value that appears on the face of the scrip, same as nominal or par value of share/debentures. in ` crore)
|
Item |
1 day Reverse Repo AuctionWhen a seller is not in a position to deliver the securities he has sold, the buyer sends in his applications for buying-in, so that ..... |
1 day Repo Auction |
|
|
5.25% Fixed Rate |
6.25% Fixed Rate |
||
|
1. Bids received |
|
|
|
|
(i) |
Number |
2 |
33 |
|
(ii) |
Amount |
1,500 |
57,330 |
|
2. Bids accepted |
|
|
|
|
(i) |
Number |
2 |
33 |
|
(ii) |
Amount |
1,500 |
57,330 |
