**Summary:**
On July 24, 2025, the Reserve Bank of India (RBI) announced it will conduct an overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) due to current liquidity conditions. The auction will take place on Thursday, July 24, 2025, between 10:30 AM and 11:00 AM. The notified amount is ₹50,000 crore for a 1-day tenor, with a date of reversal on Friday, July 25, 2025. The operational guidelines for the auction are the same as those detailed in RBI Press Release 2021-2022/1572 dated January 20, 2022. Contact information for the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001 is available via email at helpdoc@rbi.org.in or phone at 022-2266 0502. The press release (2025-2026/773) was issued by Chief General Manager, Puneet Pancholy. The RBI website is www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Overnight Variable Rate Repo: A monetary policy instrument used by the Reserve Bank of India to manage liquidity in the banking system.
VRR auction: Variable Rate Repo auction, conducted by RBI.
LAF: Liquidity Adjustment Facility, a tool used by the Reserve Bank of India to manage short-term liquidity.
Mumbai, Maharashtra: City in India where the Central Office of the Reserve Bank of India is located.
Puneet Pancholy: Chief General Manager at Reserve Bank of India.
January 20, 2022: Date of Reserve Bank of India's Press Release 2021-2022/1572, containing operational guidelines for the auction.
July 24, 2025: Date of the Variable Rate Repo (VRR) auction announced in the press release.
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
July 24, 2025
RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on July
24, 2025
On a review of current and evolving liquidity conditions, it has been decided to conduct
a Variable Rate Repo (VRR) auction on Thursday, July 24, 2025, as under:
Notified Tenor
Sl. No. Window Timing Date of Reversal
Amount (day)
(₹ crore)
1 50,000 1 10:30 AM to 11:00 AM July 25, 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.
(Puneet Pancholy)
Press Release: 2025-2026/773 Chief General Manager