RBI to conduct ₹50,000 crore variable rate repo auction
The Reserve Bank of India will conduct a one-day variable rate repo auction for ₹50,000 crore on October 22, 2026, to manage liquidity.
Growth Brief DeskPublished 1 min read
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Key facts
- RBI will conduct an overnight Variable Rate Repo auction on October 22, 2026.
- The notified amount for the auction is ₹50,000 crore with a one-day tenor.
- The bidding window is scheduled between 09:30 AM and 10:00 AM.
- The reversal date for the liquidity operation is set for October 23, 2026.
The Reserve Bank of India announced it will conduct an overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility on October 22, 2026.
The central bank has notified an amount of ₹50,000 crore with a one-day tenor. The auction window will remain open between 09:30 AM and 10:00 AM, with the reversal scheduled for October 23, 2026.
According to the central bank, the operational guidelines for this auction will follow the same framework outlined in its previous press release dated January 20, 2022.
Why it matters
The RBI's ₹50,000 crore variable rate repo auction directly impacts banking liquidity and short-term borrowing costs for financial institutions. By managing liquidity conditions through the Liquidity Adjustment Facility, the central bank helps stabilize overnight interest rates in the financial system. Banks and market participants should note the restricted auction window on October 22, as these liquidity operations influence immediate cash availability and short-term money market dynamics.
- Economy
- RBI
- Regulatory Policy
Sources
Source: Reserve Bank of India