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 Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 21, 2026 ()
Date : Sep 18, 2026
RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 21, 2026

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

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 1,00,000 1 09:30 AM to 10:00 AM September 22, 2026
(Tuesday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2026-2027/1149


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