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RBI to conduct Rs 7 lakh crore 30-day variable rate reverse repo auction on September 7
Sep-05-2026

Following a review of current and evolving liquidity conditions, the Reserve Bank of India (RBI) has decided to conduct a 30-day variable rate reverse repo (VRRR) auction for a notified amount of Rs 7 lakh crore. The auction will be conducted on September 7 from 9:30 am to 10:00 am, with the reversal of funds scheduled for October 7. The central bank also said that participants will have the option of prematurely reversing the amount lent, either fully or partially.

Requests for premature reversal can be placed through the E-Kuber portal between 9:00 am and 5:00 pm on working days in Mumbai. Participants must also intimate the Financial Markets Operations Department by email. Settlement of a premature reversal will take place at the start of the next working day following the date of the request. Participants can seek premature reversal at least two working days before the scheduled reversal date.

On the scheduled reversal date, the participant’s current account with the RBI will be credited with the principal amount and accrued interest for the lending period. At the same time, the securities offered as collateral will be debited from the participant’s reverse repo constituent SGL account.

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