The Reserve Bank of India on Thursday said that it will conduct regular variable rate 14-day term repos worth Rs 900 billion during June 22 and July 03, 2018.

“As announced in the revised Liquidity Management Framework on August 22, 2014, Reserve Bank will conduct regular variable rate 14-day term repos four times during a reporting fortnight,” the central bank said in a press release.

Accordingly, four term repo auctions will be conducted worth Rs 900 billion between June 22 to July 03, 2018, it said.

The auctions will be conducted as per the revised guidelines issued on February 13, 2014. Successful bidders will get the allotment at their respective bids.

As indicated in the ‘Term Repo under Liquidity Adjustment Facility-Operational Guidelines’ dated October 08, 2013, the RBI reserves the right to inject less than the notified amount without assigning any reasons therefor.