Document title: RBI to conduct Second 3‑day Variable Rate Repo (VRR) auction under LAF on July 17 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026‑2027/693
Date: Not specified
Policy Rates and Liquidity
The RBI has decided, after reviewing current and evolving liquidity conditions, to conduct a second Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) on Friday, 17 July 2026. The auction will be a three‑day repo with a notified amount of ₹50,000 crore. Bidding will be open between 10:45 AM and 11:15 AM on the auction day, and the repo will be reversed on Monday, 20 July 2026.
Regulatory and Policy Measures
The operational guidelines for this VRR auction will be identical to those outlined in the RBI’s Press Release 2021‑2022/1572 dated 20 January 2022. The current announcement is issued under Press Release 2026‑2027/693 by Deputy General Manager (Communications) Ajit Prasad.
The RBI’s scheduling of a ₹50,000 crore VRR auction reflects its ongoing monitoring of liquidity conditions and its use of the LAF to manage short‑term funding needs.