RBI to conduct 3-day VRR auction worth Rs 50,000 crore on October 23

India, Oct. 22 -- The Reserve Bank of India (RBI) will conduct a three-day Variable Rate Repo (VRR) auction worth Rs 50,000 crore on October 23, 2026, to manage short-term liquidity conditions in the banking system.

According to the RBI, the auction will be conducted under the Liquidity Adjustment Facility (LAF), with the bidding window open from 9:30 AM to 10:00 AM. The funds will be reversed on October 26, 2026.

The central bank said the decision was taken after reviewing current and evolving near-term liquidity conditions. The operational guidelines for the auction will remain in line with the RBI's existing instructions issued on January 20, 2022.

Published by HT Digital Content Services with permission from Dion Global Solutions Lim...