RBI to Conduct 7-Day VRRR Auction

The Reserve Bank of India (RBI) will conduct a Variable Rate Reverse Repo (VRRR) auction on August 10, 2026. The VRRR auction will have a tenor of 7 days. The RBI is conducting the VRRR auction due to a review of current and evolving liquidity conditions. This move is expected to affect the liquidity in the market. The RBI regularly reviews liquidity conditions and takes necessary steps to manage them. The outcome of the auction will be known after it is conducted on August 10, 2026.