India, June 23 -- The Reserve Bank of India 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 auction, scheduled for June 23, 2026, will have a notified amount of Rs 2,00,000 crore. The bidding window will remain open from 9:30 AM to 10:00 AM, with funds set to mature on June 30, 2026.
Through the VRR auction, the RBI will inject short-term liquidity into the banking system, helping ensure adequate funding availability and smooth functioning of money markets. The operational guidelines for the auction will remain unchanged and will follow the framework outlined by the central bank in its January 20, 2022 circula...