India, Sept. 18 -- The Reserve Bank of India (RBI) on Wednesday said it will conduct an Overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) on Thursday, September 18, 2025, to manage short-term liquidity in the banking system.
According to the RBI, the auction will be for Rs 25,000 crore with a one-day tenor. Bidding will take place between 10:15 AM and 10:45 AM, and the reversal date is set for Friday, September 19, 2025.
The central bank said operational guidelines for the auction will remain the same as specified in its press release dated January 20, 2022.
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