Document title: RBI Schedules ₹150,000 Cr VRRR Auction
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/817
Date: August 05, 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 Thursday, August 06, 2026. The auction will make available a notified amount of ₹1,50,000 crore for a tenor of four days. Bidding will be open between 09:30 AM and 10:00 AM on the auction day, and the reverse repo will be reversed on Monday, August 10, 2026.
Regulatory and Policy Measures
The operational guidelines governing this VRRR auction will remain unchanged and are the same as those outlined in the Reserve Bank's press release dated February 13, 2020 (Press Release 2019-2020/1947). The announcement is issued by Deputy General Manager Ajit Prasad of the Department of Communication.
The RBI’s use of a four‑day VRRR auction under the Liquidity Adjustment Facility reflects its ongoing effort to fine‑tune liquidity in the banking system while maintaining consistency with established operational procedures.