Document title: RBI to conduct 3‑day Variable Rate Reverse Repo (VRRR) auction under LAF on August 11, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/855
Date: August 10, 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 Tuesday, August 11, 2026. The auction will offer a notified amount of ₹1,25,000 crore with a tenor of three days. Bidding will be open from 09:30 AM to 10:00 AM, and the reverse repo will be reversed on Friday, August 14, 2026.
Regulatory and Policy Measures
The operational guidelines for this auction will remain the same as those outlined in the RBI Press Release 2019‑2020/1947 dated February 13, 2020. The release is signed by Deputy General Manager Ajit Prasad, Communications.
The RBI’s use of a large‑scale VRRR auction under the Liquidity Adjustment Facility reflects its ongoing effort to fine‑tune liquidity in the banking system while maintaining consistency with established procedural frameworks.