On January 20, 2026, the Reserve Bank of India (RBI) announced that it will conduct an 8-day Variable Rate Repo (VRR) auction under LAF on January 21, 2026. The notified amount is ₹50,000 crore, the tenor is 8 days, and the window timing is 9:30 AM to 10:00 AM. The date of reversal is January 29, 2026 (Thursday). The operational guidelines for the auction will be the same as in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad, Deputy General Manager (Communications), is the contact person. The press release number is 2025-2026/1955. The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The phone number is 022 - 2266 0502. The website is www.rbi.org.in and the email is helpdoc@rbi.org.in.
Key Entities Referenced
Variable Rate Repo (VRR): A monetary policy instrument used by the Reserve Bank of India to manage liquidity in the banking system.
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
LAF: Liquidity Adjustment Facility, a tool used by RBI to manage short-term liquidity in the market through repo and reverse repo auctions.
Mumbai: Location of the Department of Communication, Central Office of the Reserve Bank of India.
Press Release 2021-2022/1572 dated January 20, 2022: Referenced document for 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 20 2026
RBI to conduct 8-day Variable Rate Repo (VRR) auction under LAF
on January 21, 2026
On a review of current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Repo (VRR) auction on Wednesday, January 21, 2026, as
under:
Sl. Tenor
Notified Amount Window Timing Date of Reversal
No. (day)
(₹ crore)
1 50,000 8 9:30 AM to 10:00 AM January 29, 2026
(Thursday)
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: 2025-2026/1955 Deputy General Manager
(Communications)