RBI to conduct ₹50,000 crore one-day VRRR auction on October 15
Following a review of prevailing and evolving liquidity conditions, the Reserve Bank of India will conduct a one-day Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility on October 15, 2026. The move is for a notified amount of ₹50,000 crore, with the funds set to mature on Friday, October 16, 2026.
Highlights
- RBI will conduct a ₹50,000 crore one-day VRRR auction on October 15, 2026, between 9:30 AM and 10:00 AM.
- Funds accepted in the auction will mature on October 16, 2026, and operations will follow the rules dated February 13, 2020.
- This move aims to manage systemic liquidity by enabling the RBI to absorb short-term surplus funds from banks.
This article was translated from the original. Read the original version by our correspondent here.
Auction schedule for liquidity management
According to an RBI press release, the central bank will conduct this VRRR auction on Thursday, October 15, 2026, from 9:30 AM to 10:00 AM. It will be a one-day tenor auction with a notified amount of ₹50,000 crore.Through VRRR auctions, the RBI absorbs short-term surplus funds from banks, helping manage liquidity in the system. The funds accepted under this auction will mature on October 16, 2026.
Operational rules and policy context
The central bank said that the operational guidelines for this auction will remain the same as those set out in Press Release No. 2019-2020/1947 dated February 13, 2020. This indicates that the RBI is continuing short-term liquidity operations within the existing framework.The announcement was made in Press Release 2026-2027/1327, issued by the RBI's Department of Communication in the name of Deputy General Manager Ajit Prasad. For the financial sector, this move reflects the RBI's continued monitoring of near-term money market conditions and banking system liquidity.
Our previous report focused on the RBI Monetary Policy Committee's October decision, where markets were watching for a possible repo rate hike amid rising retail inflation, crude oil above $100 per barrel, and pressure on the rupee. The report noted that a rate increase could affect borrowing costs and bank lending rates, while signals on the future policy direction would also remain important.
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