RBI Schedules Second VRRR Auction on November 4 to Manage Liquidity
The RBI will conduct a ₹25,000 crore overnight variable rate reverse repo auction to absorb excess liquidity amid evolving conditions.
On November 4, 2026, the Reserve Bank of India will hold a second Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility. The auction involves absorbing ₹25,000 crore with a one-day tenor, aimed at managing short-term liquidity in the banking system. Bids will be accepted from 12:15 PM to 12:45 PM, with reversal scheduled for November 5, 2026. Operational procedures follow guidelines established in February 2020.
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