RBI announces a 29-day variable rate reverse repo auction of ₹2,00,000 crore

National Banking Economy & Banking

RBI announces a 29-day variable rate reverse repo auction of ₹2,00,000 crore

7 October 2026

The Reserve Bank of India announced on October 7, 2026 that it would conduct a 29-day variable rate reverse repo auction under the liquidity adjustment facility.
The notified amount is ₹2,00,000 crore.
The auction is to be held on Thursday, October 8, 2026, with the window open from 9:30 am to 10:00 am.
The reversal date is Friday, November 6, 2026.
The auction follows the operational guidelines in the Reserve Bank's press release 2019-2020/1947 dated February 13, 2020.
Participants may reverse the amount prematurely, in full or in part, by placing a request on the E-Kuber portal at least two working days before the original reversal date.

Notified amount: ₹2,00,000 crore Tenor: 29 days Auction date: October 8, 2026 Reversal date: November 6, 2026

Why it matters for exams: The variable rate reverse repo is the Reserve Bank's main tool for absorbing surplus liquidity, and the tenor and notified amount show how the tool is being used in practice.

UPSCBank

7 October 2026 Source: Reserve Bank of India

In plain words

VRRR Variable Rate Reverse Repo — An auction through which the RBI absorbs surplus bank liquidity at a rate set by bidding.

E-Kuber RBI's core banking solution — The platform on which banks bid in Reserve Bank auctions and settle government securities business.