India, June 15 -- The Reserve Bank of India has announced an Overnight 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 15, 2026, with a notified amount of Rs 75,000 crore and a tenor of one day. The auction window will remain open from 9:30 AM to 10:00 AM, while the funds will be reversed on June 16, 2026.
Through the VRR auction, the RBI will inject short-term liquidity into the banking system, enabling eligible financial institutions to borrow funds against government securities at market-determined interest rates.
The RBI stated that the operational guidelines for the auction will r...