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 under the Liquidity Adjustment Facility (LAF) on March 24, 2026. The auction will offer ₹1,00,000 crore and is intended to manage liquidity conditions.
What changed
The Reserve Bank of India (RBI) has announced a 3-day Variable Rate Repo (VRR) auction scheduled for March 24, 2026, with a notified amount of ₹1,00,000 crore. This action is a response to a review of current and evolving liquidity conditions in the banking system. The auction will operate within the standard LAF framework, with window timing from 9:30 AM to 10:00 AM, and the reversal of funds is scheduled for March 27, 2026.
This is a routine operational notice from the RBI to manage short-term liquidity. Banks participating in the LAF should be aware of the auction details and timing. The operational guidelines remain consistent with previous announcements, specifically referencing Press Release 2021-2022/1572 dated January 20, 2022. No new compliance actions are required beyond standard participation in RBI liquidity operations.
Source document (simplified)
Press Releases
| () | | | | | | | | | | | |
| Date : Mar 23, 2026 | | | | | | | | | | | |
| RBI to conduct 3-day Variable Rate Repo (VRR) auction under LAF on March 24, 2026 | | | | | | | | | | | |
| | On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, March 24, 2026, as under:
\| Sl. No. \| Notified Amount
(₹ crore) \| Tenor
(day) \| Window Timing \| Date of Reversal \|
\| 1 \| 1,00,000 \| 3 \| 9:30 AM to 10:00 AM \| March 27, 2026
(Friday) \|
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: 2025-2026/2314 | Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | 1 | 1,00,000 | 3 | 9:30 AM to 10:00 AM | March 27, 2026
(Friday) |
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | | | | | | |
| 1 | 1,00,000 | 3 | 9:30 AM to 10:00 AM | March 27, 2026
(Friday) | | | | | | | | On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, March 24, 2026, as under:
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal |
| 1 | 1,00,000 | 3 | 9:30 AM to 10:00 AM | March 27, 2026
(Friday) |
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: 2025-2026/2314 | Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | 1 | 1,00,000 | 3 | 9:30 AM to 10:00 AM | March 27, 2026
(Friday) |
| On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, March 24, 2026, as under:
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal |
| 1 | 1,00,000 | 3 | 9:30 AM to 10:00 AM | March 27, 2026
(Friday) |
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: 2025-2026/2314 | Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | 1 | 1,00,000 | 3 | 9:30 AM to 10:00 AM | March 27, 2026
(Friday) | |
| Sl. No. | Notified Amount
(₹ crore) | Tenor
(day) | Window Timing | Date of Reversal | | | | | | | |
| 1 | 1,00,000 | 3 | 9:30 AM to 10:00 AM | March 27, 2026
(Friday) | | | | | | | |
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