Document title: RBI Variable Rate Repo Auction Announcement
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/580
Date: Not specified
Policy Rates and Liquidity
The Reserve Bank of India has decided to conduct a two‑day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility on Wednesday, 1 July 2026. The auction will offer a notified amount of ₹1,25,000 crore with a tenor of two days. Bids will be accepted between 09:30 AM and 10:00 AM on the auction day, and the repo will be reversed on 3 July 2026 (Friday).
Regulatory and Policy Measures
The operational guidelines for this VRR auction will be the same as those outlined in the RBI Press Release 2021‑2022/1572 dated 20 January 2022. The announcement is issued by Deputy General Manager Ajit Prasad, Communications, under Press Release 2026‑2027/580.
The RBI’s use of the VRR mechanism reflects its ongoing management of market liquidity through the LAF, providing short‑term funding to banks while maintaining the repo rate framework.