**Summary:**
On September 10, 2025, the Reserve Bank of India (RBI) announced it will conduct a 2-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on Wednesday, September 10, 2025, due to a review of current and evolving liquidity conditions. The auction will have a notified amount of ₹50,000 crore and a tenor of 2 days. The window timing for the auction is from 12:45 PM to 1:15 PM. The date of reversal is Friday, September 12, 2025. The operational guidelines for the auction, as outlined in the RBI's Press Release 2019-2020/1947 dated February 13, 2020, will remain unchanged. Contact information for inquiries is available through email at helpdoc@rbi.org.in or by phone at 022-2266 0502. The press release number is 2025-2026/1069. The announcement was made by Puneet Pancholy, Chief General Manager. The RBI website is www.rbi.org.in. The central office address is Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Variable Rate Reverse Repo: A monetary policy instrument used by the RBI to absorb liquidity from the banking system.
VRRR auction: Auction conducted by Reserve Bank of India for Variable Rate Reverse Repo.
Liquidity Adjustment Facility: A tool used by the Reserve Bank of India to manage liquidity in the banking system.
September 10, 2025: Date of the VRRR auction.
Mumbai, Maharashtra: Location of the Central Office, Reserve Bank of India.
Puneet Pancholy: Chief General Manager at Reserve Bank of India.
February 13, 2020: Date of the Reserve Bank's Press Release 201920201947 which contains the operational guidelines for the auction.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
September 10, 2025
RBI to conduct 2-day Variable Rate Reverse Repo (VRRR) auction under LAF
on September 10, 2025
On a review of the current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Reverse Repo (VRRR) auction on Wednesday, September
10, 2025, as under:
Notified Amount Tenor
Sl. No. Window Timing Date of Reversal
(₹ crore) (day)
September 12, 2025
1 50,000 2 12:45 PM to 1:15 PM
(Friday)
2. The operational guidelines for the auction as given in the Reserve Bank’s Press
Release 2019-2020/1947 dated February 13, 2020 will remain the same.
(Puneet Pancholy)
Press Release: 2025-2026/1069 Chief General Manager