RBI to conduct additional repo auction tomorrow

The Reserve Bank of India will conduct additional repo operations (by which banks can borrow money from the RBI) under the Liquidity Adjustment Facility, on Friday, December 16, between 4.30 and 5 pm.

The RBI has decided to conduct the additional repo operation keeping in view the prevailing liquidity conditions and with a view to providing flexibility to scheduled commercial banks in their liquidity management, said a press release issued on Thursday.