Changeflow GovPing Banking & Finance RBI to Conduct ₹2 Lakh Crore 7-Day VRRR Auction...
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RBI to Conduct ₹2 Lakh Crore 7-Day VRRR Auction on April 17, 2026

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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.

Published by RBI on rbi.org.in . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

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, 2026

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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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Last updated

Classification

Agency
RBI
Published
April 16th, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
Press Release: 2026-2027/93

Who this affects

Applies to
Banks
Industry sector
5221 Commercial Banking
Activity scope
Liquidity management Monetary operations
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Financial Services Monetary Policy

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