RBI to Conduct ₹2 Lakh Crore 7-Day VRRR Auction on April 17, 2026
Summary
The Reserve Bank of India announces a ₹2,00,000 crore (₹2 lakh crore) 7-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) on April 17, 2026. The auction window will be open from 9:30 AM to 10:00 AM, with reversal scheduled for April 24, 2026. The operation is being conducted to address surplus transient liquidity conditions in the banking system.
What changed
The RBI has announced a ₹2,00,000 crore 7-day Variable Rate Reverse Repo (VRRR) auction scheduled for April 17, 2026, with reversal on April 24, 2026. The auction will be conducted under the Liquidity Adjustment Facility between 9:30 AM and 10:00 AM. Operational guidelines remain unchanged from the February 13, 2020 press release.
For banks and primary dealers, this represents a routine monetary policy operation providing an avenue to park surplus funds with the RBI. Participation is voluntary. The ₹2 lakh crore notified amount reflects the RBI's liquidity absorption stance amid surplus conditions in the system.
Archived snapshot
Apr 17, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Releases
| () |
| Date : Apr 16, 2026 |
| RBI to conduct 7-day Variable Rate Reverse Repo (VRRR) auction under LAF on April 17, 2026 |
| In view of the surplus transient liquidity conditions prevailing, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, April 17, 2026, as under:
| Sl. No. | Notified Amount
(₹ crore) | Tenor (day) | Window Timing | Date of Reversal |
| 1 | 2,00,000 | 7 | 09:30 AM to 10:00 AM | April 24, 2026
(Friday) |
2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/93 | Sl. No. | Notified Amount
(₹ crore) | Tenor (day) | Window Timing | Date of Reversal | 1 | 2,00,000 | 7 | 09:30 AM to 10:00 AM | April 24, 2026
(Friday) |
| Sl. No. | Notified Amount
(₹ crore) | Tenor (day) | Window Timing | Date of Reversal |
(Friday) |
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