RBI to conduct 30-day Variable Rate Reverse Repo (VRRR) auction under LAF
On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Monday, September 07, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 7,00,000 30 9:30 AM to 10:00 AM October 07, 2026 (Wednesday) 2. The operational guidelines for the auction will be same as given in Reserve…
The Reserve Bank of India (RBI) has announced plans to hold a 30-day Variable Rate Reverse Repo (VRRR) auction on September 7, 2026. This auction will take place between 9:30 AM and 10:00 AM on October 7, 2026, with a notified amount of ₹7,00,000 crore. The operational guidelines for this auction will follow those outlined in the Reserve Bank's Press Release 2019-2020/1947 dated February 13, 2020.
Participants in the auction will have the option to request a premature reversal of their lent amount, which can be submitted via the E-Kuber portal during 9:00-17:00 hours on working days in Mumbai. A partial reversal of a bid is also possible. Once the request is made, it must be communicated via email to the Financial Markets Operations Department.
The settlement of premature reversals will occur at the 'start of day' on the following working day after the request is submitted. On the actual reversal date, the participant's Reserve Bank account will be credited with the principal and accrued interest for the loan period, while the securities offered as collateral will be debited from the participant's reverse repo constituent SGL account.
Requests for premature reversal must be submitted at least two working days before the scheduled reversal date.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
