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

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Published on August 01, 2024

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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