Document title: RBI to conduct 2‑day Variable Rate Reverse Repo (VRRR) auction under LAF on August 25, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026‑2027/961
Date: 24 August 2026
Policy Rates and Liquidity
The RBI has decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Tuesday, 25 August 2026, under the Liquidity Adjustment Facility. The auction will offer a notified amount of ₹1,75,000 crore with a tenor of two days. Bidding will be open from 09:30 AM to 10:00 AM on the auction day. The reverse‑repo operation will be reversed on Thursday, 27 August 2026, completing the two‑day tenor.
Regulatory and Policy Measures
The operational guidelines governing the VRRR auction will remain unchanged and continue to follow the framework outlined in the RBI Press Release dated 13 February 2020 (Press Release 2019‑2020/1947). The announcement is issued by Deputy General Manager Ajit Prasad, Communications.
The RBI’s action reflects its ongoing monitoring of liquidity conditions and its use of the LAF to manage short‑term market liquidity.