Overnight Variable Rate Reverse Repo Auction
RBI press-release 2026-2027/994 · 31 Aug 2026
Official title
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on August 31, 2026
RBI press-release 2026-2027/994 · 31 Aug 2026
Official title
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on August 31, 2026
Summary
Check the official recordThe Reserve Bank of India conducts a second overnight Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility. The auction occurs on August 31, 2026. The notified amount for the auction is 4,00,000 crore rupees. The tenor of the auction is one day. Banks submit bids during the window timing of 11:00 AM to 11:30 AM. The reversal date for the auction is September 01, 2026. The operational guidelines from the February 13, 2020 press release apply to this auction.
What you must do
Key dates
Who is affected
Thresholds
August 31, 2026
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on August 31, 2026
On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Reverse Repo (VRRR) auction on Monday, August 31, 2026, as under:
| Sl. No. | Notified Amount (₹ crore) | Tenor (day) | Window Timing | Date of Reversal |
|---|---|---|---|---|
| 1 | 4,00,000 | 1 | 11:00 AM to 11:30 AM | September 01, 2026 (Tuesday) |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/994
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