India, Jan. 1 -- Reserve Bank of India (RBI) on Thursday announced that it will conduct an Overnight Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) on January 1, 2026, after reviewing current and evolving liquidity conditions.
As per the notification, the auction will be conducted for a notified amount of Rs 1,00,000 crore with a tenor of one day. The bidding window will remain open from 9:30 AM to 10:00 AM on January 1, 2026, and the reversal date is scheduled for January 2, 2026 (Friday).
The RBI said the operational guidelines for the auction will remain the same as those outlined in its Press Release dated January 20, 2022.
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