Seven days is the stated term for the variable rate repo (VRR) auction the Reserve Bank of India (RBI) has scheduled under the LAF for Monday, Oct. 19.

Central Banks
The Oct. 19 notice identifies the operation as a variable rate repo (VRR) auction.

Seven days is the stated term for the variable rate repo (VRR) auction the Reserve Bank of India (RBI) has scheduled under the LAF for Monday, Oct. 19.
Seven external members from banks, research, market institutions and financial services will join the panel. The RBI has not announced its first meeting date.
Overnight trading reached ₹737,804.31 crore at a 5.50% weighted average rate. A four-day repo is due to mature Friday, Nov. 13.
A hypothetical ₹50,000 monthly budget would cost about ₹89,542 after 10 years if prices rose 6% annually. The calculation is an illustration, not a forecast.