RBI to conduct 5-day Variable Rate Repo auction under LAF on March 24, 2023

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On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a fine-tuning 5-day Variable Rate Repo (VRR) auction for the fortnight beginning March 24, 2023 instead of the main operation of a 14-day variable rate Repo/ Reverse Repo auction. The details of the fine-tuning operation are as under:

Date of Auction Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal
March 24, 2023
(Friday)
75,000 5 10:30 AM to 11:00 AM March 29, 2023
(Wednesday)

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: 2022-2023/1907



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