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RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on August 06, 2024

On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on August 06, 2024, Tuesday, as under:

Sl. No.

Notified Amount
(₹ crore)

Tenor
(day)

Window Timing

Date of Reversal

1

50,000

1

12:45 PM to 1:15 PM

August 07, 2024
(Wednesday)

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.

(Puneet Pancholy)    
Chief General Manager

Press Release: 2024-2025/841

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