The Reserve Bank of India (RBI) will conduct a second 90-day Variable Rate Repo (VRR) auction under LAF on Friday, January 30, 2026. The notified amount is ₹2,00,000 crore with a tenor of 90 days. The window timing is from 1:00 PM to 01:30 PM, and the date of reversal is April 30, 2026 (Thursday). The operational guidelines for the auction are the same as in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. Participants have the option to prepay the borrowed amount through the Ekuber portal during 09:00–17:00 hours on working days in Mumbai, with requests placed at least 2 days prior to the original date of reversal. Partial prepayment is not permitted. Once a request for prepayment is placed in Ekuber portal, it needs to be intimated via email to the Financial Markets Operations Department (Ph: 022-2263 0982 / 2263 0008). The settlement of prepayment will take place at the 'start of day' on the next working day following the date of placement of request. On the date of repayment, the participant's current account with the Reserve Bank will be debited, and collateral securities will be returned. Contact Ajit Prasad, Deputy General Manager (Communications). Press Release: 2025-2026/2015. Website: www.rbi.org.in, email: helpdoc@rbi.org.in, phone: 022-2266 0502.
Key Entities Referenced
Variable Rate Repo (VRR): A monetary policy instrument used by the Reserve Bank of India for liquidity management through auctions.
Reserve Bank of India: The central bank of India, responsible for conducting monetary policy and regulating the banking system.
Liquidity Adjustment Facility (LAF): A tool used by the Reserve Bank of India to manage liquidity in the banking system.
Press Release 2021-2022/1572 dated January 20, 2022: A Reserve Bank of India document containing the operational guidelines for the VRR auction.
Ekuber: A portal through which prepayment requests can be placed.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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 30, 2026
RBI to conduct Second 90-day Variable Rate Repo (VRR) auction under LAF
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 30, 2026, as under:
Notified Amount Tenor
Sl. No. Window Timing Date of Reversal
(₹ crore) (day)
April 30, 2026
1 2,00,000 90 1:00 PM to 01:30 PM
(Thursday)
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.
3. Participants will also have an option to prepay the amount borrowed in the above
auction, and the operational guidelines for the same are as under:
i) Prepayment requests can be placed only through the Ekuber portal during 09:00–
17:00 hours on working days in Mumbai.
ii) Prepayment requests can be placed at least 2 days prior to the original date of
reversal.
iii) Partial prepayment will not be permitted.
iv) Once a request for prepayment is placed in Ekuber portal, the same has to be
intimated via email to the Financial Markets Operations Department (Ph: 022-2263
0982 / 2263 0008).
v) The settlement of prepayment will take place at the ‘start of day’ on the next working
day following the date of placement of request.
vi) On the date of repayment, current account of the participant with the Reserve Bank
will be debited with the amount of principal and accrued interest for the borrowing
period. The securities offered as collateral will be returned to the participant’s repo
constituent SGL account.
Ajit Prasad
Press Release: 2025-2026/2015 Deputy General Manager
(Communications)