MONETARY POLICY

“…the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.”


Preamble to the Reserve Bank of India Act 1934

Press Release


PDF - RBI to conduct 8-day Variable Rate Repo (VRR) auction under LAF on January 21, 2026 ()
Date : Jan 20, 2026
RBI to conduct 8-day Variable Rate Repo (VRR) auction under LAF on January 21, 2026

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, January 21, 2026, as under:

Sl. No. Notified Amount
(₹ crore)		 Tenor
(day)		 Window Timing Date of Reversal
1 50,000 8 9:30 AM to 10:00 AM January 29, 2026
(Thursday)

2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/1955

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