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RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 02, 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 02, 2024, Friday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 1,50,000 7 10:30 AM to 11:00 AM August 09, 2024
(Friday)
 

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.

 

Ajit Prasad            
Deputy General Manager
(Communications)     

Press Release: 2024-2025/816

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