Document Title, Issuing Authority, Reference, and Date
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 22, 2026. Issuing Authority: Reserve Bank of India. Reference: Press Release 2026-2027/1162. Date: September 22, 2026.
Policy Rates and Liquidity
The Reserve Bank of India, after reviewing current and evolving liquidity conditions, has decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Tuesday, September 22, 2026. The auction will make available a notified amount of ₹75,000 crore for a one‑day tenor. Bidding will be open from 09:30 AM to 10:00 AM. The reverse repo transaction will be reversed on Wednesday, September 23, 2026.
Regulatory and Policy Measures
The operational guidelines governing this auction will remain the same as those outlined in the RBI Press Release dated February 13, 2020 (Release 2019‑2020/1947). No changes to the procedural framework are introduced.
The announcement reflects RBI's ongoing use of the Liquidity Adjustment Facility to manage short‑term liquidity in the banking system, employing established guidelines to ensure market stability.