MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release:

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on May 02, 2025, Friday, as under:

Sl. No. Notified Amount

(₹ crore) Tenor

(day) Window Timing Date of Reversal 1 25,000 14 11:00 AM to 11:30 AM May 16, 2025

(Friday)

2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022.

Ajit Prasad

Deputy General Manager

(Communications)

Press Release: 2025-2026/218

Disclaimer: Curated by HT Syndication.