On September 19, 2025, the Reserve Bank of India (RBI) announced it will conduct an Overnight Variable Rate Repo (VRR) auction under LAF on September 22, 2025. The notified amount is ₹1,00,000 crore with a tenor of 1 day. The window timing is 9:30 AM to 10:00 AM and the date of reversal is September 23, 2025 (Tuesday). 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 2025-2026/1138. Contact Ajit Prasad, Deputy General Manager (Communications). Website: www.rbi.org.in, Email: helpdoc@rbi.org.in, Phone: 022 - 2266 0502.
Key Entities Referenced
Reserve Bank of India: Central bank of India, conducting monetary policy.
Variable Rate Repo (VRR): Auction for managing liquidity. Subject of the press release.
LAF: Liquidity Adjustment Facility, under which VRR auction is conducted.
Mumbai: Location of the RBI Central Office.
Press Release 2021-2022/1572: RBI's earlier press release which contains the 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
September 19, 2025
RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on
September 22, 2025
On a review of current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Repo (VRR) auction on Monday, September 22, 2025, as
under:
Tenor
Sl. No. Notified Amount Window Timing Date of Reversal
(day)
(₹ crore)
1 1,00,000 1 9:30 AM to 10:00 AM September 23, 2025
(Tuesday)
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: 2025-2026/1138 Deputy General Manager
(Communications)