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RBI receives Rs 1.71 lakh crore in LTRO

RBI receives Rs 1.71 lakh crore in LTRO

Tuesday, March 3, 2020, 10:10 AM

The Reserve Bank of India on Monday said it has received Rs 1.71 lakh crore in the third long-term repo operation(LTRO) conducted for an amount of Rs 25,000 crore. The central bank received 66 bids in the three-year tenor LTRO, which has reversal date on March 1, 2023. The RBI will conduct another LTRO for three-year tenor worth Rs 25,000 crore on March 9.
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