On January 9, 2026, the RBI will conduct a second 4-day Variable Rate Repo (VRR) auction under LAF. The notified amount is ₹1,00,000 crore, with a tenor of 4 days. The window timing is 11:00 AM to 11:30 AM, and the date of reversal is January 13, 2026. The operational guidelines are the same as in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. The press release number is 2025-2026/1889. Contact Ajit Prasad, Deputy General Manager (Communications).
Key Entities Referenced
Variable Rate Repo (VRR): A monetary policy instrument used by the RBI for liquidity management.
RBI: The Reserve Bank of India, the central bank of India.
LAF: Liquidity Adjustment Facility, a tool used by RBI to manage liquidity.
Press Release 2021-2022/1572 dated January 20, 2022: A previous press release containing operational guidelines relevant to 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
January 09, 2026
RBI to conduct Second 4-day Variable Rate Repo (VRR) auction under LAF on
January 09, 2026
On a review of current and evolving liquidity conditions, it has been decided to
conduct a second Variable Rate Repo (VRR) auction on Friday, January 09, 2026, as
under:
Notified Amount Tenor
Sl. No. Window Timing Date of Reversal
(₹ crore) (day)
January 13, 2026
1 1,00,000 4 11:00 AM to 11:30 AM
(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: 2025-2026/1889 Deputy General Manager
(Communications)