RBI Second Overnight VRRR Auction Sept 2026 Announced
The Reserve Bank of India has officially announced the conduct of the second overnight Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF). This financial announcement comes in the wake of a thorough review of the current and evolving liquidity conditions within the Indian financial market.
Market participants and financial institutions can review the key parameters of the announced auction to plan their liquidity management strategies accordingly. The central bank continues to monitor monetary conditions closely and uses such instruments to manage liquidity effectively.
Key Details of RBI VRRR Auction
| Feature | Detail |
|---|---|
| Organization | Reserve Bank of India (RBI) |
| Announcement Type | Second Overnight VRRR Auction under LAF |
| Press Release Number | 2026-2027/1207 |
| Notified Amount | ₹1,00,000 crore |
| Tenor | 1 day |
| Window Timing | 11:30 AM to 12:00 Noon |
| Date of Auction | September 29, 2026 |
| Date of Reversal | September 30, 2026 |
Important Dates and Timings
| Event Description | Date / Time |
|---|---|
| Auction Date | September 29, 2026 |
| Bidding Window | 11:30 AM to 12:00 Noon |
| Reversal Date | September 30, 2026 |
Overview of the Announcement
Following a detailed review of the current and evolving liquidity conditions, the central bank decided to hold a second Variable Rate Reverse Repo auction on Tuesday, September 29, 2026. The notified amount for this auction stands at ₹1,00,000 crore with a duration of a single day. The operational guidelines governing this auction remain consistent with the framework established in the Reserve Bank's earlier Press Release dated February 13, 2020.
Eligible participants should take note of the specified window timing between 11:30 AM and 12:00 Noon on the auction date. The reversal of the transaction is scheduled for Wednesday, September 30, 2026. Stakeholders can access further information and updates directly through the official Reserve Bank of India website.
FAQs and Guidelines
The operational guidelines for this financial exercise are aligned with standard central bank procedures. Interested entities must follow the previously established framework for LAF operations as referenced by the Communications Department of the RBI.
Frequently Asked Questions
What is the notified amount for the second VRRR auction?
The notified amount is ₹1,00,000 crore.
When is the VRRR auction scheduled to take place?
The auction is scheduled for Tuesday, September 29, 2026.
What is the window timing for submitting bids?
The bidding window is open from 11:30 AM to 12:00 Noon on September 29, 2026.
What is the tenor of the announced VRRR auction?
The tenor of the auction is 1 day, with the reversal date set for September 30, 2026.
Where can participants find the operational guidelines?
The operational guidelines follow the Reserve Bank's Press Release dated February 13, 2020.
Official Links
Details are compiled from official notices. Always confirm eligibility, dates and fees on the official website before applying.