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RBI to conduct overnight VRR auction of Rs 75,000 cr on Monday

RBI to conduct overnight VRR auction of Rs 75,000 cr on Monday

The date of reversal is on January 25, 2022, the central bank further stated.

Business Today Desk
Business Today Desk
  • Updated Jan 24, 2022 5:48 PM IST
RBI to conduct overnight VRR auction of Rs 75,000 cr on MondayReserve Bank of India

The Reserve Bank of India on Monday said it will be conducting an overnight variable rate repo auction under liquidity adjustment facility (LAF) for an amount of Rs 75,000 crore today.

The date of reversal is on January 25, 2022, the central bank said in a release.

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On January 20, the RBI had conducted an overnight variable rate repo (VRR) auction of Rs 50,000 crore.

The central bank had said it will continue to rebalance liquidity conditions in a non-disruptive manner while maintaining adequate liquidity to meet the needs of the productive sectors of the economy. 

The Reserve Bank has been rebalancing the surplus liquidity in the system by shifting it out of the fixed-rate overnight reverse repo window into the variable rate reverse repo (VRRR) auctions of longer maturity. Overall, this rebalancing has proceeded on a pre-announced glidepath and has evolved satisfactorily.


 

Published on: Jan 24, 2022 5:48 PM IST
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