Document title: RBI to conduct 7‑day Variable Rate Repo (VRR) auction under LAF on October 19, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026‑2027/1345
Date: 19 October 2026
Policy Rates and Liquidity
The Reserve Bank of India has announced that it will conduct a Variable Rate Repo (VRR) auction on Monday, 19 October 2026, under the Liquidity Adjustment Facility (LAF). The notified amount for the auction is ₹1,00,000 crore and the tenor is seven days. Bidding will be accepted between 09:30 AM and 10:00 AM on the auction day. The repo transaction is scheduled to be reversed on Monday, 26 October 2026.
Regulatory and Policy Measures
The operational guidelines for this VRR auction will be the same as those outlined in the RBI press release dated 20 January 2022 (Release 2021‑2022/1572). The announcement is issued under Press Release 2026‑2027/1345 by Deputy General Manager Ajit Prasad, Communications.
The RBI’s decision reflects its ongoing monitoring of near‑term liquidity conditions and its use of the VRR mechanism to manage market liquidity. This content may not be financially relevant.