Document title: RBI to conduct 3-day Variable Rate Repo (VRR) auction under LAF on July 27, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/755
Date: July 24, 2026
Policy rates and liquidity
The RBI, after reviewing current and evolving liquidity conditions, has decided to conduct a Variable Rate Repo (VRR) auction on Monday, July 27, 2026. The auction will be executed under the Liquidity Adjustment Facility (LAF).
The notified amount for the auction is ₹75,000 crore. The repo tenor is three days, and the bidding window is scheduled from 09:30 AM to 10:00 AM on the auction day. The repo transaction will be reversed on Thursday, July 30, 2026.
Regulatory and policy measures
The operational guidelines for this VRR auction will be the same as those outlined in the RBI’s earlier press release dated January 20, 2022 (Press Release 2021-2022/1572). The current announcement is issued as Press Release 2026-2027/755 and is signed by Deputy General Manager Ajit Prasad, Communications.
The RBI’s decision reflects its ongoing effort to manage short‑term liquidity in the banking system through market‑based operations.