Document title: RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on June 15, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/447
Date: June 12, 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, 15 June 2026. The notified amount for the auction is ₹75,000 crore and the tenor is one day. Bidding will be open from 9:30 AM to 10:00 AM on the auction day. The repo funds are scheduled to be reversed on Tuesday, 16 June 2026.
Regulatory and Policy Measures
The operational guidelines for this VRR auction will be the same as those outlined in the RBI press release dated 20 January 2022 (Press Release 2021-2022/1572). The announcement is issued by Deputy General Manager Ajit Prasad of the Communications division.
The RBI’s decision to inject ₹75,000 crore of liquidity through the overnight VRR mechanism reflects its ongoing management of short‑term liquidity in the banking system. This measure is consistent with the RBI’s broader liquidity management framework and does not introduce any new procedural changes beyond the existing guidelines.
Overall, the announcement signals a targeted liquidity operation aimed at stabilising short‑term market conditions without altering the existing policy stance.