RBI to conduct Second Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on February 28, 2024 - RBI

RBI Announcements

RBI Announcements

Published on February 28, 2024

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RBI to conduct Second Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on February 28, 2024

On a review of the current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on February 28, 2024, Wednesday, as under:

Sl. No.

Notified Amount (₹ crore)

Tenor (day)

Window Timing

Date of Reversal

1

25,000

1

1:30 PM to 2:00 PM

February 29, 2024

(Thursday)

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.

(Yogesh Dayal)
Chief General Manager

Press Release: 2023-2024/1952

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