RBI to conduct overnight VRR auction of ₹25,000 crore on July 8
Amid changing and prevailing liquidity conditions, the Reserve Bank of India has decided to conduct an overnight Variable Rate Repo (VRR) auction on July 8, 2026. Under this operation, ₹25,000 crore will be made available, supporting short-term banking system liquidity management.
Highlights
- The Reserve Bank of India will conduct an overnight VRR auction of ₹25,000 crore under LAF on July 8, 2026.
- The bidding window for the auction is set from 9:30 AM to 10:00 AM, with the reversal date fixed as July 9, 2026.
- This VRR auction is being conducted to manage short-term liquidity and keep money market rates aligned with policy.
This article was translated from the original. Read the original version by our correspondent here.
Auction Size and Operation Timing
According to the Reserve Bank of India press release, this VRR auction will be held on Wednesday, July 8, 2026, under the Liquidity Adjustment Facility (LAF). The notified amount for the auction is ₹25,000 crore and the tenure is set for one day.The bidding window is scheduled from 9:30 AM to 10:00 AM. The reversal date for this auction is set for Thursday, July 9, 2026.
Impact on Banking System and Policy Operations
Such overnight VRR operations are typically used by the central bank to balance short-term liquidity conditions and keep money market rates aligned with the policy framework. This gives banks an opportunity to raise funds from the Reserve Bank for very short-term funding needs.The Reserve Bank has stated that the operational guidelines for this auction remain the same as those provided in the press release 2021-2022/1572 dated January 20, 2022.
Our previous report on EUR/INR movement highlighted that despite a slight uptick in the pair, technical indicators remained mixed and the direction ahead appeared uncertain due to key resistance levels. That analysis noted that in the absence of fresh macro catalysts, traders should watch for key support-resistance breakout/breakdown levels.
Latest Reserve Bank of India News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
