On January 16, 2026, the Reserve Bank of India (RBI) announced it will conduct a 4-day Variable Rate Repo (VRR) auction under LAF on January 19, 2026. The notified amount for the auction is ₹1,00,000 crore, with a tenor of 4 days. The window timing for the auction is 9:30 AM to 10:00 AM, and the date of reversal is January 23, 2026 (Friday). The operational guidelines for the auction will be the same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. The press release number is 2025-2026/1941. Ajit Prasad, Deputy General Manager (Communications) is the contact person. The RBI's website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The phone number for the Department of Communication is 022-2266 0502.
Key Entities Referenced
Variable Rate Repo (VRR): A monetary policy tool used by the Reserve Bank of India (RBI) to manage short-term liquidity in the banking system.
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the country's monetary policy.
Mumbai: The location of the central office of the Reserve Bank of India, where the communication regarding the policy is issued.
Liquidity Adjustment Facility (LAF): An umbrella term for instruments used by RBI to manage liquidity.
Press Release 2021-2022/1572 dated January 20, 2022: Referenced document containing operational guidelines for the VRR 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
January 16, 2026
RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF
on January 19, 2026
On a review of current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Repo (VRR) auction on Monday, January 19, 2026, as under:
Sl. Tenor
Notified Amount Window Timing Date of Reversal
No. (day)
(₹ crore)
1 1,00,000 4 9:30 AM to 10:00 AM January 23, 2026
(Friday)
2. The operational guidelines for the auction will be same as given in Reserve Bank’s
Press Release 2021-2022/1572 dated January 20, 2022.
Ajit Prasad
Press Release: 2025-2026/1941 Deputy General Manager
(Communications)