RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 05, 2024

Back

Published on September 05, 2024

PDF (451.11 KB)

RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 05, 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 September 05, 2024, Thursday, as under:

Sl. No.	Notified Amount (₹ crore)	Tenor (day)	Window Timing	Date of Reversal
1	50,000	1	11:00 AM to 11:30 AM	September 06, 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: 2024-2025/1041