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“…the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.”


Preamble to the Reserve Bank of India Act 1934

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PDF - RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on May 21, 2026 ()
Date : May 20, 2026
RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on May 21, 2026

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, May 21, 2026, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 1,25,000 1 9:30 AM to 10:00 AM May 22, 2026
(Friday)

2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022.

Ajit Prasad           Deputy General Manager (Communications)    

Press Release: 2026-2027/299


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