Document title: RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on August 13, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/879
Date: 13 August 2026
Policy Rates and Liquidity
The RBI, after reviewing current and evolving liquidity conditions, has decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, 13 August 2026. The operation will be carried out under the Liquidity Adjustment Facility (LAF).
Regulatory and Policy Measures
The auction will offer a notified amount of ₹1,00,000 crore for a one‑day tenor. Bidding will be open from 09:30 AM to 10:00 AM on the auction day. The reverse repo transaction will be reversed on Friday, 14 August 2026. All operational guidelines for the auction will remain the same as those outlined in the RBI Press Release dated 13 February 2020 (Release 2019‑2020/1947). The announcement is issued by the Deputy General Manager, Communications, Ajit Prasad.
The RBI’s action reflects a routine liquidity management measure aimed at fine‑tuning short‑term market conditions.