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

Prime News, National, Finance, Mumbai, January 24:- The Reserve Bank of India on Monday (January 24) 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.

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. (Inputs: Agencies, NGB)

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