The Reserve Bank of India (RBI) will conduct a 7-day and 14 day term repo variable rate auction for a notified amount of Rs 100 billion and Rs 615 billion on Jul. 25, 2014.

The auctions will be conducted as per the revised guidelines issued on Feb. 13, 2014. Successful bidders will get the allotment at their respective bids. The reversal of the 7 day and 14 day term repos will take place on Aug. 1, 2014 and Aug. 8, 2014 respectively, the RBI said.