RBI - Reserve Bank of India

04/16/2024 | Press release | Distributed by Public on 04/16/2024 00:16

RBI to conduct 2-day Variable Rate Reverse Repo (VRRR) auction under LAF on April 16, 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 April 16, 2024, Tuesday, as under:

Sl. No. Notified Amount
(₹ crore) 		Tenor
(day) 		Window Timing Date of Reversal
1 50,000 2 12:30 PM to 1:00 PM April 18, 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: 2024-2025/110