VRRR

The Reserve Bank of India has announced a ₹2 lakh crore seven-day Variable Rate Reverse Repo (VRRR) auction scheduled for April 17, 2026, to manage excess liquidity in the banking system. This move reflects the central bank’s proactive stance in maintaining monetary stability amid transient surplus conditions. The auction, set to take place in the morning window, will temporarily absorb funds from banks, with reversal scheduled a week later.

India’s central bank has announced a Rs. 2 lakh crore Variable Rate Reverse Repo (VRRR) auction to manage excess liquidity in the banking system. The move reflects a calibrated monetary response to transient surplus conditions, ensuring financial stability while maintaining policy flexibility. Scheduled for a seven-day tenure, the operation will temporarily absorb funds from banks, helping align short-term interest rates with policy objectives.