India, June 16 -- The Reserve Bank of India (RBI) has announced a 7-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) framework to address evolving liquidity conditions in the banking system.
The central bank will conduct the auction on June 16, 2026, with a notified amount of ?1.5 lakh crore. The auction window will remain open from 9:30 AM to 10:00 AM, and the funds injected through the operation will be reversed on June 23, 2026.
Through the VRR auction, banks can borrow short-term funds from the RBI by pledging eligible securities, helping ease liquidity pressures and ensure adequate funding availability in the financial system.
The RBI said the operational guidelines for the auction will remain uncha...