RBI to conduct 3-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 16, 2024

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Published on August 16, 2024

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RBI to conduct 3-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 16, 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 16, 2024, Friday, as under:

Sl. No.	Notified Amount (₹ crore)	Tenor (day)	Window Timing	Date of Reversal
1	1,00,000	3	11:00 AM to 11:30 AM	August 19, 2024 (Monday)

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.