RBI to conduct overnight Variable Rate Reverse Repo (VRRR) auction under LAF on February 06, 2024 - RBI

RBI Announcements

RBI Announcements

Published on February 05, 2024

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RBI to conduct overnight Variable Rate Reverse Repo (VRRR) auction under LAF on February 06, 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 February 06, 2024, Tuesday, as under:

Sl. No.

Notified Amount (₹ crore)

Tenor (day)

Window Timing

Date of Reversal

1

75,000

1

10:00 AM to 10:30 AM

February 07, 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.

Ajit Prasad
Director (Communications)

Press Release: 2023-2024/1804

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