RBI Announces ₹100,000 Cr Overnight VRRR Auction

Document title: RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 21, 2026

Issuing authority: Reserve Bank of India

Reference number: Press Release 2026‑2027/1149

Date: September 18, 2026

Policy rates and liquidity

The RBI has decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Monday, 21 September 2026 under the Liquidity Adjustment Facility. The auction will offer a notified amount of ₹100,000 crore for a one‑day tenor. Bidding will be open from 09:30 AM to 10:00 AM, and the reversal of the repo will be effected on Tuesday, 22 September 2026.

Regulatory and policy measures

The operational guidelines governing the VRRR auction will continue to follow those 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, as Press Release 2026‑2027/1149.

The RBI’s use of a large‑scale overnight VRRR auction reflects its ongoing management of liquidity conditions in the banking system, employing established guidelines to ensure market stability.