RBI to conduct term repos

The Reserve Bank of India (RBI) will conduct a 13-day term repo variable rate auction for a notified amount of Rs 60,000 crore on Friday. The reversal of the 13-day term repo will take place on April 17. Further, on an assessment of the prevailing liquidity conditions, RBI has also decided to conduct a 3-day term repo variable rate auction for a notified amount of Rs 20,000 crores on Friday with reversal on Monday. Successful bidders would get the allotment at their respective bids, said RBI.