RBI to conduct 29-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 Thursday, October 08, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 29 9:30 AM to 10:00 AM November 06, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve…
The Reserve Bank of India (RBI) has announced it will conduct a Variable Rate Reverse Repo (VRRR) auction on October 8, 2026, for a period of 29 days. The auction will take place with a notified amount of ₹2,00,000 crore, with a window timing of 9:30 AM to 10:00 AM on November 6, 2026.
The operational guidelines for this auction will be similar to those outlined in Reserve Bank's Press Release 2019-2020/1947 dated February 13, 2020. Participants in the auction can choose to reverse their lent amount early, with the option available through the E-Kuber portal from 9:00 AM to 5:00 PM on working days in Mumbai.
Partial reversal is permitted, and the request for premature reversal must be submitted through the E-Kuber portal. Once the request is made, it must also be communicated via email to the Financial Markets Operations Department. The settlement for premature reversal will be processed at the 'start of day' on the following working day after the request is placed.
On the day of reversal, the participant's Reserve Bank account will be credited with the principal amount and accrued interest. The collateral securities provided by the RBI will be deducted from the participant's reverse repo constituent SGL account. Remarkably, requests for premature reversal can be submitted a minimum of two working days before the original 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.
