RBI to conduct 5-day Variable Rate Repo auction under LAF for Rs 75000 crore

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 worth Rs 75000 crore for the fortnight beginning March 24, 2023 instead of the main operation of a 14-day variable rate Repo/ Reverse Repo auction.

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First Published: Mar 24 2023 | 1:31 PM IS

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