On September 23, 2025, the RBI will conduct a second Overnight Variable Rate Repo (VRR) auction under LAF. The notified amount is ₹1,00,000 crore, with a tenor of 1 day. The window timing is from 10:45 AM to 11:15 AM, and the date of reversal is September 24, 2025 (Wednesday). The operational guidelines for the auction are the same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022.
Contact:
Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001
Phone: 022 - 2266 0502
Website: www.rbi.org.in
Email: helpdoc@rbi.org.in
Press Release: 2025-2026/1147
Puneet Pancholy, Chief General Manager.
Key Entities Referenced
Variable Rate Repo (VRR): A monetary policy instrument used by the RBI to manage liquidity in the banking system.
RBI: The Reserve Bank of India, the central bank of India, conducting the VRR auction.
Mumbai: Location of the Reserve Bank of India Central office.
Press Release 2021-2022/1572 dated January 20, 2022: Document containing the operational guidelines for the VRR auction.
LAF: Liquidity Adjustment Facility, a tool used by RBI to manage liquidity in the market.
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
September 23, 2025
RBI to conduct Second Overnight Variable Rate Repo (VRR) auction under LAF
on September 23, 2025
On a review of current and evolving liquidity conditions, it has been decided to
conduct a second Variable Rate Repo (VRR) auction on Tuesday, September 23,
2025, as under:
Notified Amount Tenor
Sl. No. Window Timing Date of Reversal
(₹ crore) (day)
September 24, 2025
1 1,00,000 1 10:45 AM to 11:15 AM
(Wednesday)
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.
(Puneet Pancholy)
Press Release: 2025-2026/1147 Chief General Manager