Document title: RBI to conduct 4‑day Variable Rate Reverse Repo (VRRR) auction under LAF on October 01 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1225
Date: September 30, 2026
Policy Rates and Liquidity
The Reserve Bank of India, after reviewing current and evolving liquidity conditions, has decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, October 01, 2026. The auction will be for a notified amount of ₹2,00,000 crore (₹200,000 crore) with a tenor of four days. Bidding will be open from 09:30 AM to 10:00 AM on the auction day, and the reversal of the operation is scheduled for Monday, October 05, 2026.
Regulatory and Policy Measures
The operational guidelines governing this VRRR auction will remain the same as those outlined in the RBI press release dated 13 February 2020 (Press Release 2019-2020/1947). No changes to the procedural framework are introduced.
The announcement underscores the RBI's continued use of the Liquidity Adjustment Facility to manage short‑term liquidity in the banking system, employing a sizable reverse repo operation with unchanged procedural rules.