RBI Conducts 3-Day Variable Rate Repo Auction
Summary
The Reserve Bank of India (RBI) announced it will conduct a 3-day Variable Rate Repo (VRR) auction on March 20, 2026, with a notified amount of ₹75,000 crore. This action is based on a review of current liquidity conditions.
What changed
The Reserve Bank of India (RBI) has announced the conduct of a 3-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) on March 20, 2026. The auction will have a notified amount of ₹75,000 crore and will operate between 9:30 AM and 10:00 AM, with the reversal date set for March 23, 2026. The operational guidelines for this auction remain consistent with previous announcements, specifically referencing Press Release 2021-2022/1572 dated January 20, 2022.
This action is a routine measure by the RBI to manage liquidity conditions in the banking system. Banks participating in the auction will need to ensure their operational readiness and adherence to the established guidelines. No new compliance obligations or penalties are introduced by this specific announcement, as it pertains to standard monetary policy operations.
Source document (simplified)
Press Releases
| () | | | | | | | | | | | |
| Date : Mar 18, 2026 | | | | | | | | | | | |
| RBI to conduct 3-day Variable Rate Repo (VRR) auction under LAF on March 20, 2026 | | | | | | | | | | | |
| | On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, March 20, 2026, as under:
\| Sl. No. \| Notified Amount
(₹ crore) \| Tenor
(day) \| Window Timing \| Date of Reversal \|
\| 1 \| 75,000 \| 3 \| 9:30 AM to 10:00 AM \| March 23, 2026
(Monday) \|
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.
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2025-2026/2287 | Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | 1 | 75,000 | 3 | 9:30 AM to 10:00 AM | March 23, 2026
(Monday) |
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | | | | | | |
| 1 | 75,000 | 3 | 9:30 AM to 10:00 AM | March 23, 2026
(Monday) | | | | | | | | On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, March 20, 2026, as under:
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal |
| 1 | 75,000 | 3 | 9:30 AM to 10:00 AM | March 23, 2026
(Monday) |
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.
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2025-2026/2287 | Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | 1 | 75,000 | 3 | 9:30 AM to 10:00 AM | March 23, 2026
(Monday) |
| On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, March 20, 2026, as under:
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal |
| 1 | 75,000 | 3 | 9:30 AM to 10:00 AM | March 23, 2026
(Monday) |
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.
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2025-2026/2287 | Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | 1 | 75,000 | 3 | 9:30 AM to 10:00 AM | March 23, 2026
(Monday) | |
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | | | | | | | |
| 1 | 75,000 | 3 | 9:30 AM to 10:00 AM | March 23, 2026
(Monday) | | | | | | | |
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