On October 20, 2025, the Reserve Bank of India (RBI) announced that it will conduct an overnight Variable Rate Repo (VRR) auction under LAF on October 23, 2025. The notified amount is ₹ 50,000 crore, with a tenor of 1 day. The window timing for the auction is 9:30 AM to 10:00 AM, and the date of reversal is October 24, 2025 (Friday). The operational guidelines for the auction are the same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. The press release number is 2025-2026/1354. Ajit Prasad, Deputy General Manager (Communications), is the contact person. RBI website: www.rbi.org.in, email: helpdoc@rbi.org.in, phone: 022-2266 0502.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for conducting the VRR auction.
Variable Rate Repo (VRR): Instrument being auctioned to manage liquidity.
Liquidity Adjustment Facility (LAF): Framework under which the VRR auction is conducted.
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
October 20, 2025
RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on
October 23, 2025
On a review of current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Repo (VRR) auction on Thursday, October 23, 2025, as
under:
Notified Amount Tenor
Sl. No. Window Timing Date of Reversal
(₹ crore) (day)
October 24, 2025
1 50,000 1 9:30 AM to 10:00 AM
(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: 2025-2026/1354 Deputy General Manager
(Communications)