RBI will hold an overnight variable repo rate auction for Rs 75,000 crore

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

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

The date of reversal is set on January 25, 2022, according to the central bank.

The RBI held an overnight variable rate repo (VRR) auction of Rs 50,000 crore on January 20.

The central bank has previously stated that it will continue to rebalance liquidity circumstances in a non-disruptive manner while retaining ample liquidity to support the demands of the economy’s productive sectors.

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