RBI announces a 14-day Variable Rate Reverse Repo (VRRR) auction

RBI has announced a 14-day Variable Rate Reverse Repo (VRRR) auction under LAF. On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on November 29, 2024.

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.

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