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.

• Shyam Metalics Slips Even as Q1 Volumes Surge
• Oswal Pumps, Shakti Pumps Rally on Solar Order Wins
• Glenmark, Granules Rally on US Drug Approvals
• Key Factors Behind Today’s Market Rally
• HDFC Bank Shares Climb 3% on Strong Q1 Update

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.