On January 07, 2026, the Reserve Bank of India (RBI) announced that it will conduct an overnight Variable Rate Repo (VRR) auction under the LAF on January 08, 2026.
The auction will have a notified amount of ₹1,25,000 crore and a tenor of 1 day. The window timing will be from 9:30 AM to 10:00 AM, with the date of reversal on January 09, 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 2025-2026/1878. Ajit Prasad, Deputy General Manager (Communications), is the contact person. The Department of Communication, Central Office address is 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
Overnight Variable Rate Repo (VRR): A type of repurchase agreement (repo) with a variable interest rate and overnight tenor used by the RBI to manage liquidity.
Liquidity Adjustment Facility (LAF): A tool used by the RBI to manage liquidity in the banking system, including repo and reverse repo auctions.
Reserve Bank of India (RBI): The central bank of India, responsible for monetary policy and regulating the banking system.
Press Release 2021-2022/1572: A prior press release from the RBI that contains the 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 07, 2026
RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on
January 08, 2026
On a review of current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Repo (VRR) auction on Thursday, January 08, 2026, as
under:
Sl. Tenor
Notified Amount Window Timing Date of Reversal
No. (day)
(₹ crore)
1 1,25,000 1 9:30 AM to 10:00 AM January 09, 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: 2025-2026/1878 Deputy General Manager
(Communications)