Document title: RBI to conduct 3‑day Variable Rate Repo (VRR) auction under LAF on October 23, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026‑2027/1370
Date: 22 October 2026
Policy Rates and Liquidity
The Reserve Bank of India, after reviewing current and evolving near‑term liquidity conditions, has decided to conduct a Variable Rate Repo (VRR) auction on Friday, 23 October 2026. The auction will be executed under the Liquidity Adjustment Facility (LAF) and will involve a single tranche of ₹50,000 crore. The tenor of the repo is three days, and the bidding window is scheduled from 9:30 AM to 10:00 AM on the auction day. The repo amount will be reversed on Monday, 26 October 2026.
Regulatory and Policy Measures
The operational guidelines for this VRR auction will be identical to those outlined in the RBI’s earlier press release numbered 2021‑2022/1572 dated 20 January 2022. The current notice is issued under Press Release 2026‑2027/1370 and is signed by Deputy General Manager Ajit Prasad, who handles communications for the RBI.
The announcement reflects the RBI’s ongoing use of the LAF to manage short‑term liquidity and ensure smooth functioning of money markets. This targeted intervention is intended to address any temporary liquidity mismatches without altering the broader policy stance.