RBI, on Aug. 14, 2007, conducted Repo /Reverse Repos auctions under its liquidity adjustment facility. It absorbed Rs 294.50 billion for the 2-day reverse repos auction on Aug.14,2007 as against Rs 253.25 billion for a 1-day reverse repos auction a day before.
The number of bids received and accepted were 18 bids for 2-day reverse repos on August 14 as against 16 bids for 1-day reverse repos on the previous day.
These reverse repos were traded at a fixed rate of 6% on both the days. On both the days, RBI did not transact repos for which the rate is fixed at 7.75%.
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