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

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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.