India's central bank said it did
not get any bids at Tuesday's special repo auction at 4.75
percent to meet liquidity needs of mutual funds and finance
companies strained by redemption pressures.
The special repo auction was introduced on Oct. 14, 2008 to
enable banks to meet liquidity requirements of mutual funds.
The central bank expanded the scope of the special repo in
early November to include non-banking finance companies and
said the auctions will be conducted until an allocated 600
billion rupees has been used.
At its policy review on April 21, the central bank said the
the sale would be done on a weekly basis every Monday and the
facility would be available till March 2010.
---------------------------------------------------------------
APPLICATIONS
DATE RECEIVED ACCEPTED DATE OF REVERSAL
NO AMT NO AMT
(bln rupees) (bln rupees)
--------------------------------------------------------------
20/09 - - - - Nov 03
12/09 - - - - Oct 26
05/09 - - - - Oct 20
29/09 - - - - Oct 13
22/09 - - - - Oct 06
14/09 - - - - Sep 29
07/09 - - - - Sep 22
31/08 - - - - Sep 14
24/08 - - - - Sep 07
17/08 - - - - Aug 31
10/08 - - - - -
03/08 1 3.0 1 3.0 Aug 17
27/07 - - - - -
20/07 1 3 1 3 Aug 03
13/07 - - - - -
06/07 1 6 1 6 July 20
29/06 1 3 1 3 July 13
22/06 - - - - -
15/06 - - - - -
08/06 - - - - -
01/06 - - - - -
--------------------------------------------------------------
(Reporting by Mumbai Treasury Desk)
Reuters India
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