On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a Variable Rate Repo auction on March 27, 2024, Wednesday, as under:

Sl. No. Notified Amount
(₹ crore) Tenor
(day) Window Timing Date of Reversal 1 75,000 6 10:30 AM to 11:00 AM April 02, 2024

2. As a special case, Standalone Primary Dealers will be allowed to participate in the above auction, along with other eligible participants. All other terms and conditions as applicable to term repo auctions will remain the same.

3. 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: 2023-2024/2119