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RBI to conduct Second Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on July 18, 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 July 18, 2024, Thursday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 25,000 1 1:15 PM to 1:45 PM July 19, 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.

 

(Puneet Pancholy)     
Chief General Manager

Press Release: 2024-2025/718

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