MUMBAI, India, March 20 -- Reserve Bank of India issued the following press release:
On a review of current and evolving liquidity conditions, the Reserve Bank of India has decided to conduct a 5-day Variable Rate Repo (VRR) auction on March 21, 2025. It has been decided not to conduct the 14-day main operation for the ensuing fortnight.
The details of the 5-day VRR operation are as under:
Sl. No. Notified Amount
(₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 5 11:00 AM to 11:30 AM March 26, 2025
(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.
Ajit Prasad
Deputy General Manager
(Communications)
Press Rele...