The repo in corporate bonds is slowly picking up pace, shows data

Rates offered at par or lower than RBI's repo rate

The repo in corporate bonds is slowly picking up pace, though the volume is nowhere near what it should be to consider it a serious marketplace.  

Surprisingly, the rates offered in the market are at par or lower than the repo rate offered by the Reserve Bank of India (RBI) through its liquidity adjustment facility (LAF).

Generally, the repo is conducted with the highest-rated papers of private firms and public sector undertakings. RBI regulation prescribes AA as the minimum rating for a repo. But, it is mostly AAA-rated papers that have some liquidity in the secondary market, and these papers are used