RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on March 04, 2024

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Published on March 04, 2024

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RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on March 04, 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 March 04, 2024, Monday, as under:

Sl. No.

Notified Amount (₹ crore)

Tenor (day)

Window Timing

Date of Reversal

75,000

12:30 PM to 1:00 PM

March 05, 2024

(Tuesday)

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.