India, March 17 -- The Reserve Bank of India (RBI) has announced that it will conduct a 7-day Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) on March 17, 2026, following a review of prevailing and evolving liquidity conditions.
The auction will be conducted for a notified amount of Rs 1.5 lakh crore with a tenor of seven days. The bidding window will remain open from 9:30 AM to 10:00 AM on Tuesday, March 17, with reversal scheduled for March 24, 2026.
The RBI stated that the operational guidelines for the auction will remain in line with its earlier directions issued via the press release dated January 20, 2022.
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