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RBI to conduct 14-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 09, 2024

On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on August 09, 2024, Friday, as under:

Sl. No.

Notified Amount
(₹ crore)

Tenor
(day)

Window Timing

Date of Reversal

1

1,00,000

14

10:30 AM to 11:00 AM

August 23, 2024

(Friday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

 

Ajit Prasad              
Deputy General Manager
(Communications)      

Press Release: 2024-2025/855

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