**Summary:**
The Reserve Bank of India (RBI) announced on August 26, 2025, that it will conduct an overnight Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on August 28, 2025. The decision follows a review of current and evolving liquidity conditions. The auction will have a notified amount of ₹75,000 crore. The window for submitting bids will be open from 9:30 AM to 10:00 AM on August 28, 2025, with the date of reversal being August 29, 2025 (Friday). The operational guidelines for the auction, as outlined in the RBI's Press Release 2019-2020/1947 dated February 13, 2020, will remain unchanged. For further information, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001 via email at helpdoc@rbi.org.in or phone at 022-2266 0502. The announcement was made by Ajit Prasad, Deputy General Manager. The RBI's 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 Reverse Repo: A monetary policy tool used by the Reserve Bank of India to manage liquidity in the banking system.
VRRR auction: Variable Rate Reverse Repo auction conducted by RBI.
LAF: Liquidity Adjustment Facility; A tool used by RBI to manage liquidity.
Mumbai, Maharashtra: City in India; location of the Reserve Bank of India Central Office.
Ajit Prasad: Deputy General Manager, Communications at Reserve Bank of India.
Reserve Banks Press Release 201920201947: A prior press release by the Reserve Bank of India containing operational guidelines for auctions.
February 13, 2020: Date of a previous press release containing operational guidelines.
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
August 26, 2025
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under
LAF on August 28, 2025
On a review of the current and evolving liquidity conditions, it has been decided to
conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, August 28,
2025, as under:
Tenor
Sl. No. Notified Amount Window Timing Date of Reversal
(day)
(₹ crore)
1 75,000 1 9:30 AM to 10:00 AM August 29, 2025
(Friday)
2. The operational guidelines for the auction as given in the Reserve Bank’s Press
Release 2019-2020/1947 dated February 13, 2020 will remain the same.
Ajit Prasad
Press Release: 2025-2026/979 Deputy General Manager
(Communications)