Document title: RBI to conduct 3‑day Variable Rate Reverse Repo (VRRR) auction under LAF on September 25, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1182
Date: September 24, 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 Friday, September 25, 2026. The auction will make available a notified amount of ₹1,50,000 crore for a tenor of three days. The reversal of the funds is scheduled for Monday, September 28, 2026. The auction window on the day of the operation is set from 09:30 AM to 10:00 AM.
Regulatory and Policy Measures
The operational guidelines governing this VRRR auction will remain the same as those outlined in the RBI Press Release dated February 13, 2020 (Release 2019‑2020/1947). The announcement is issued by Deputy General Manager Ajit Prasad, Communications, of the RBI.
The RBI’s use of a VRRR auction reflects its ongoing active management of liquidity in the banking system, employing established mechanisms without altering existing procedural frameworks.