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RBI Press Release

RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on February 29, 2024

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On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo auction (VRR) on February 29, 2024, Thursday, as under:

Sl. No. Notified Amount
(₹ crore) Tenor
(day) Window Timing Date of Reversal 1 25,000 1 11:00 AM to 11:30 AM March 01, 2024
(Friday)

2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

(Yogesh Dayal)      
Chief General Manager

Press Release: 2023-2024/1963

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