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RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on October 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 October 16, 2024, Wednesday, as under:

Sl. No.

Notified Amount
(₹ crore)

Tenor
(day)

Window Timing

Date of Reversal

1

50,000

1

11:30 AM to 12:00 Noon

October 17, 2024
(Thursday)

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: 2024-2025/1302

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