Document Title: RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on October 15, 2026
Issuing Authority: Reserve Bank of India (RBI)
Reference: Press Release 2026‑2027/1327
Date: 14 October 2026
Policy rates and liquidity
The RBI has decided to conduct a Variable Rate Reverse Repo (VRRR) auction on 15 October 2026 under the Liquidity Adjustment Facility (LAF). The auction will involve a notified amount of ₹50,000 crore for a one‑day tenor. The bidding window is scheduled from 09:30 AM to 10:00 AM, and the reversal of the operation will occur on 16 October 2026 (Friday).
Regulatory and policy measures
The operational guidelines governing the VRRR auction will remain the same as those outlined in the RBI Press Release dated 13 February 2020 (Release 2019‑2020/1947). The notice is issued by Deputy General Manager Ajit Prasad, Communications, under Press Release 2026‑2027/1327.
The RBI’s announcement signals a continuation of its liquidity management stance, employing the VRRR mechanism to fine‑tune short‑term market liquidity without altering existing procedural frameworks.