India, June 3 -- The Reserve Bank of India (RBI) has announced a two-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 3, 2026, will have a notified amount of ?50,000 crore and a tenor of two days. The auction window will remain open from 9:30 AM to 10:00 AM, with funds set to be reversed on June 5, 2026.
The RBI stated that the operational guidelines for the auction will remain in line with those outlined in its January 20, 2022 press release. The move is aimed at providing short-term liquidity support to the financial system and ensuring smooth market functioning.
Published by HT Digital Content Ser...