Document title: RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on October 13, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1315
Date: Not provided
Policy Rates and Liquidity
The Reserve Bank of India has decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Tuesday, 13 October 2026, as part of its Liquidity Adjustment Facility operations. The auction will make available a notified amount of ₹1,50,000 crore for a one‑day tenor. Bidding will be open from 09:30 AM to 10:00 AM on the auction day, and the reverse repo transaction will be reversed on Wednesday, 14 October 2026.
Regulatory and Policy Measures
The operational guidelines governing this VRRR auction will remain unchanged and continue to follow the framework outlined in the Reserve Bank's press release dated 13 February 2020 (Press Release 2019-2020/1947). The announcement is issued by Deputy General Manager Ajit Prasad, Communications, of the RBI.
The RBI’s use of a large‑scale overnight VRRR auction underscores its ongoing effort to manage short‑term liquidity conditions in the banking system while adhering to established procedural norms.