Document Title: RBI to conduct 7‑day Variable Rate Repo (VRR) auction under LAF on June 16, 2026
Issuing Authority: Reserve Bank of India
Reference: Press Release 2026‑2027/462
Date: 15 June 2026
Policy rates and liquidity
The RBI has decided, after reviewing current and evolving liquidity conditions, to conduct a Variable Rate Repo (VRR) auction on 16 June 2026. The auction will be executed under the Liquidity Adjustment Facility (LAF) with a notified amount of ₹1,50,000 crore. The repo tenor is set at seven days, with the bidding window from 09:30 AM to 10:00 AM. The repo will be reversed on 23 June 2026, thereby injecting liquidity for a week and withdrawing it thereafter.
Regulatory and policy measures
The operational guidelines for this VRR auction will be identical to those outlined in the RBI Press Release 2021‑2022/1572 dated 20 January 2022. The announcement is issued by Deputy General Manager (Communications) Ajit Prasad.
The RBI’s use of a large‑scale VRR auction reflects its proactive stance in managing short‑term liquidity and maintaining market stability.