Document title: RBI to conduct Second 2‑day Variable Rate Repo (VRR) auction under LAF on June 17, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/472
Date: June 17, 2026
Policy rates and liquidity
The RBI has decided to conduct a second Variable Rate Repo (VRR) auction on Wednesday, June 17, 2026, as part of its Liquidity Adjustment Facility (LAF) operations. The auction will feature a notified amount of ₹50,000 crore and a tenor of two days. Bidding will be open from 11:00 AM to 11:30 AM on the auction day. The repo transaction is scheduled to be reversed on Friday, June 19, 2026, thereby completing the two‑day liquidity provision.
Regulatory and policy measures
All operational guidelines for this VRR auction will be identical to those specified in RBI Press Release 2021‑2022/1572 dated January 20, 2022. The announcement is issued by Deputy General Manager (Communications) Ajit Prasad.
The RBI’s continuation of VRR auctions under the LAF reflects its ongoing effort to manage short‑term liquidity conditions in the banking system.