00997pab a2200157 454500008004000000100001800040245008000058260000900138300001300147362000800160520055600168650003000724650002200754700001900776773004400795180718b1998   xxu||||| |||| 00| 0 eng d  aSingh, Bhupal  aRepo auction formats, bidders' behaviour and money market response in India  c1998  ap.249-68  aSep  aThe treasury securities repo-auction is an important instrument for central banks in managing liquidity and sending interest rate signal to the money market. In the Indian context, the repo-auctions have been used actively in the post-reform period. The present study illustrates the money market reaction to repo-auctions and points out whether such reaction is consistent with applied auction rules. The policy implications are analysed in the light of alternative rules pertaining to discriminatory price auctions and fixed rate repos. - Reproduced  aFinancial markets - India  aFinancial markets  aDhal, Sarat C.  aReserve Bank of India Occasional Papers