**Summary:**
On August 20, 2025, the Reserve Bank of India (RBI) announced that it will conduct an overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) on August 21, 2025. The decision follows a review of current and evolving liquidity conditions. The auction details are as follows:
* **Date of Auction:** August 21, 2025 (Thursday)
* **Instrument:** Overnight Variable Rate Repo (VRR)
* **Amount:** ₹50,000 crore
* **Timing:** 9:30 AM to 10:00 AM
* **Date of Reversal:** August 22, 2025 (Friday)
* **Operational Guidelines:** As per Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022.
For further information, contact the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022-2266 0502. Email: helpdoc@rbi.org.in. The RBI's website is www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and financial regulation.
Overnight Variable Rate Repo: A monetary policy instrument used by the RBI to manage short-term liquidity in the banking system.
LAF: Liquidity Adjustment Facility, a tool used by the Reserve Bank of India to manage liquidity.
August 21, 2025: Date of the Variable Rate Repo VRR auction.
August 22, 2025: Date of Reversal of the Variable Rate Repo VRR auction.
Mumbai, Maharashtra: Location of the Reserve Bank of India's Central Office.
Ajit Prasad: Deputy General Manager Communications at Reserve Bank of India.
January 20, 2022: Date of the Reserve Bank of India's Press Release 202120221572, which contains 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
August 20, 2025
RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on
August 21, 2025
On a review of current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Repo (VRR) auction on Thursday, August 21, 2025, as under:
Notified Tenor
Sl. No. Window Timing Date of Reversal
Amount (₹ (day)
crore)
1 50,000 1 9:30 AM to 10:00 AM August 22, 2025
(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: 2025-2026/943 Deputy General Manager
(Communications)