RBI to conduct 2-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 28, 2024 - RBI

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Published on August 27, 2024

RBI to conduct 2-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 28, 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 28, 2024, Wednesday, as under:

Sl. No.

Notified Amount
(₹ crore)

Tenor
(day)

Window Timing

Date of Reversal

1

50,000

2

10:30 AM to 11:00 AM

August 30, 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: 2024-2025/980

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