RBI to conduct 15-day Variable Rate Reverse Repo (VRRR) auction under LAF on August 31, 2026
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Monday, August 31, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 6,00,000 15 09:30 AM to 10:00 AM September 15, 2026 (Tuesday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press…
The Reserve Bank of India (RBI) plans to hold a 15-day Variable Rate Reverse Repo (VRRR) auction on August 31, 2026, for an astonishing ₹6 lakh crore. This auction is expected to be the largest of its kind in recent times, as the banking system is currently inundated with liquidity. According to RBI data, the liquidity system within the banking sector reached ₹3,74,942.34 crore as of August 27, 2026.
Over the past month, Foreign Currency Non-Resident (Bank) deposits have surged by $65.397 billion, reflecting the growing influx of foreign currency deposits. The RBI's concessional swap facility has also seen significant activity, with banks and public sector undertakings collectively raising $7.451 billion through Overseas Foreign Currency Borrowings and External Commercial Borrowings.
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- RBI to conduct VRRR auction for ₹6 lakh crore on Aug 31 thehindubusinessline.com
