RBI to conduct Variable Rate Reverse Repo auction on Jan 15

Reserve Bank of India has announced that it will conduct a Variable Rate Reverse Repo auction on 15th of this month for a notified amount of two lakh crore rupees.

 

In a statement, RBI yesterday said the decision to restore normal liquidity



management operations in a phased manner has been taken after a review of the evolving liquidity and financial conditions.  In view of the COVID-19 outbreak, RBI had temporarily suspended the revised liquidity management framework.