In view of transient frictional liquidity imbalances expected during February 20-23, 2024, it has been decided to conduct a Variable Rate Repo (VRR) auction on February 20, 2024, Tuesday, as under:

Sl. No. Notified Amount
(₹ crore) Tenor
(day) Window Timing Date of Reversal 1 50,000 3 10:30 AM to 11:00 AM February 23, 2024

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.

Ajit Prasad            
Director (Communications)

Press Release: 2023-2024/1887