India, May 7 -- The Reserve Bank of India (RBI) has announced a 4-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) to manage evolving liquidity conditions in the banking system.
The auction, scheduled for May 07, 2026, will have a notified amount of ?75,000 crore, with the bidding window open from 9:30 AM to 10:00 AM. The reversal date for the auction has been fixed for May 11, 2026.
The RBI stated that the operational guidelines for the auction will remain the same as those outlined in its January 20, 2022 press release.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....