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RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 03, 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 September 03, 2024, Tuesday, as under:

Sl. No.

Notified Amount
(₹ crore)

Tenor
(day)

Window Timing

Date of Reversal

1

75,000

1

12:30 PM to 01:00 PM

September 04, 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: 2024-2025/1029

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