The Reserve Bank of India (RBI) announced that it would be conducting a Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) of Rs 75,000 Crores tonight. The date of reversal is 25th January 2022, the central bank statement.

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On 20th January, the RBI had conducted an overnight variable rate repo (VRR) auction of Rs 50,000 Crores. The central bank had said it would continue to restore liquidity conditions in a non-disruptive manner and maintain adequate liquidity to meet the requirement of the productive sectors of the economy.