Document title: RBI to conduct 4‑day Variable Rate Repo (VRR) auction under LAF on October 26, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026‑2027/1383
Date: 23 October 2026
Policy Rates and Liquidity
The RBI, after reviewing current and evolving near‑term liquidity conditions, has decided to conduct a Variable Rate Repo (VRR) auction on Monday, 26 October 2026 under the Liquidity Adjustment Facility (LAF). The notified amount for the auction is ₹1,50,000 crore and the repo tenor is four days. Bidding will be accepted in a narrow window from 9:30 AM to 10:00 AM on the auction day, and the reversal of the operation is scheduled for Friday, 30 October 2026.
Regulatory and Policy Measures
The operational guidelines for this VRR auction will be the same as those specified in RBI Press Release 2021‑2022/1572 dated 20 January 2022. The announcement is issued under Press Release number 2026‑2027/1383 by Deputy General Manager (Communications) Ajit Prasad.
The RBI’s VRR auction of ₹1.5 lakh crore aims to fine‑tune liquidity in the banking system ahead of the end‑October reversal, employing established guidelines.