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RBI conducts ₹75,000 crore overnight VRR auction on June 30, 2026

Live · in forceNo withdrawal recorded as of 29 Jun 2026. Reviewed by our expert review panel; always verify against the official RBI source below.

Issued by RBI: 30 Jun 2026 · Decoded by BankPulse: 29 Jun 2026, 19:26 IST

⏱ ~1 min read

📄 Official RBI source ↗

Quick answerRBI will auction ₹75,000 crore via overnight Variable Rate Repo on June 30, 2026, to manage short-term liquidity. Bids accepted 9:30-10:00 AM, reversal on July 1. Guidelines per Jan 20, 2022 press release.

What changed

RBI announced a one-day VRR auction for ₹75,000 crore on June 30, 2026, under LAF. The auction timing is 9:30-10:00 AM, with reversal on July 1, 2026. Operational guidelines follow the January 20, 2022 framework.

What it means for you

This injection signals RBI's intent to ease short-term liquidity stress. Banks can access funds at variable rates, helping smooth overnight cash mismatches. The large notified amount suggests RBI sees a temporary deficit.

What you must do

Participate in the VRR auction on June 30, 2026, between 9:30-10:00 AM
Align your treasury's liquidity planning with the ₹75,000 crore injection
Review the Jan 20, 2022 operational guidelines for bidding procedures
Monitor reversal on July 1, 2026, for impact on your cash position

Who it affects

Scheduled commercial banks (participants in the LAF)

What is the notified amount for this VRR auction?

₹75,000 crore for a one-day tenor.

When is the auction and reversal?

Auction on June 30, 2026, 9:30-10:00 AM; reversal on July 1, 2026.

Where can I find the operational guidelines?

Refer to RBI Press Release 2021-2022/1572 dated January 20, 2022.

AI-drafted · 3-model AI consensus fact-check · under the editorial review of our expert review panel · decoded & published by BankPulse · 29 Jun 2026, 19:26 IST

Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63043 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; never reproduces RBI text verbatim.