Document title: RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on June 30, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/565
Date: June 29, 2026
Policy Rates and Liquidity
The Reserve Bank of India, after reviewing current and evolving liquidity conditions, has decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, 30 June 2026. The auction will be conducted under the Liquidity Adjustment Facility (LAF) and will provide a notified amount of ₹75,000 crore. The tenor of the repo is one day. Bidding will be open from 9:30 AM to 10:00 AM on the auction day. The repo transaction will be reversed on 1 July 2026 (Wednesday).
Regulatory and Policy Measures
The operational guidelines for this VRR auction will be the same as those outlined in the RBI press release numbered 2021-2022/1572 dated 20 January 2022. The announcement is issued under Press Release 2026-2027/565 and is signed by Deputy General Manager Ajit Prasad, Communications, Department of Communication, Central Office, Shahid Bhagat Singh Marg, Mumbai.
The RBI’s decision to inject ₹75,000 crore of liquidity through an overnight VRR auction reflects its ongoing stance to manage short‑term liquidity conditions in the banking system.