RBI receives 12,850 cr bids for TLTRO 2.0 against Rs 25,000 cr offered by central bank
The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor
Mumbai: The Reserve Bank of India (RBI) on Thursday received Rs 12,850 crore worth of bids for the first targeted long term repo operations (TLTRO 2.0) conducted for an amount of Rs 25,000 crore with a three-year tenor.
In today's auction, RBI received 14 bids, a release said.
RBI gets bids of Rs 12,850 cr Vs Rs 25,000 cr offered by RBI https://t.co/hOu97rVigc
— CNBC-TV18 (@CNBCTV18Live) April 23, 2020
"The total bids that were received amounted to Rs 12,850 crore, implying a bid to cover ratio (i.e, the amount of bids received relative to the notified amount) of 0.5," the central bank said.
RBI further said it will review the auction results and take a view on the matter.
On 17 April, RBI had announced to conduct Rs 50,000 crore TLTRO 2.0 in tranches, aimed at providing liquidity support to non-banking financial companies (NBFCs) and microfinance lenders (MFIs) that have been affected by COVID-19
related disruptions.
also read
Omicron variant: RT-PCR test must for passengers from or passing through 'at-risk' countries, says health ministry
This standard operating procedure shall be valid from 1 December till further orders. The revised guidelines will supersede earlier ones issued on and after 11 November.
Moderna CEO says vaccines likely no match for Omicron variant; stock markets sink on comment
Stephane Bancel's warning came as G7 health ministers held emergency talks on the new variant, which is spreading around the world and prompting nations to close their borders once again or impose fresh travel restrictions
South Africa's Cyril Ramaphosa advances crucial COVID-19 meeting as global concern over Omicron spikes
The meeting, which was originally scheduled for Sunday, comes as a growing number of European countries are following UK's lead in banning travel to and from South Africa and neighbouring countries