On September 18, 2025, the Reserve Bank of India (RBI) will conduct an Overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF). The notified amount is ₹25,000 crore with a tenor of 1 day. The auction window will be open from 10:15 AM to 10:45 AM on Thursday, September 18, 2025, with the date of reversal being Friday, September 19, 2025. The operational guidelines for the auction are the same as those outlined in Press Release 2021-2022/1572 dated January 20, 2022. Contact information for the Department of Communication, Central Office, is available at email: helpdocrbi.org.in and phone: 022 2266 0502. The press release number is 2025-2026/1114.
Key Entities Referenced
Reserve Bank of India: Central bank responsible for monetary policy and liquidity management.
Variable Rate Repo (VRR): Auction mechanism used by RBI to manage short-term liquidity.
Liquidity Adjustment Facility (LAF): Tool used by RBI to manage liquidity in the money market.
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
September 18, 2025
RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on
September 18, 2025
On a review of current and evolving liquidity conditions, it has been decided to conduct
a Variable Rate Repo (VRR) auction on Thursday, September 18, 2025, as under:
Notified Amount Tenor
Sl. No. Window Timing Date of Reversal
(₹ crore) (day)
September 19, 2025
1 25,000 1 10:15 AM to 10:45 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: 2025-2026/1114 Deputy General Manager
(Communications)