India, June 2 -- The Reserve Bank of India has announced a 3-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 a Rs 75,000 crore VRR auction on June 2, 2026, with the auction window open from 9:30 AM to 10:00 AM. The funds injected through the operation will mature on June 5, 2026.
The move is aimed at providing short-term liquidity support to the banking system, while the operational guidelines for the auction will remain in line with the RBI's existing framework.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....