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RBI conducts ₹75,000 crore overnight VRR auction on June 30, 2026

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Issued by RBI: 30 Jun 2026
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📄 Source: Reserve Bank of India · Press Release prid 63043
Quick answerRBI will auction ₹75,000 crore via overnight Variable Rate Repo on June 30, 2026, to manage short-term liquidity. Bids accepted 9:30-10:00 AM, reversal on July 1. Guidelines per Jan 20, 2022 press release.

What changed

RBI announced a one-day VRR auction for ₹75,000 crore on June 30, 2026, under LAF. The auction timing is 9:30-10:00 AM, with reversal on July 1, 2026. Operational guidelines follow the January 20, 2022 framework.

What it means for you

This injection signals RBI's intent to ease short-term liquidity stress. Banks can access funds at variable rates, helping smooth overnight cash mismatches. The large notified amount suggests RBI sees a temporary deficit.

What you must do

Who it affects

Scheduled commercial banks (participants in the LAF)

What is the notified amount for this VRR auction?

₹75,000 crore for a one-day tenor.

When is the auction and reversal?

Auction on June 30, 2026, 9:30-10:00 AM; reversal on July 1, 2026.

Where can I find the operational guidelines?

Refer to RBI Press Release 2021-2022/1572 dated January 20, 2022.

Test yourself

Quick self-check built only from the facts already on this page — tap a question to reveal the answer.

Q1. In one line, what does this circular do?

RBI will auction ₹75,000 crore via overnight Variable Rate Repo on June 30, 2026, to manage short-term liquidity. Bids accepted 9:30-10:00 AM, reversal on July 1. Guidelines per Jan 20, 2022 press release.

Q2. Who does this circular apply to?

Scheduled commercial banks (participants in the LAF)

Q3. What is the first thing you should do about it?

Participate in the VRR auction on June 30, 2026, between 9:30-10:00 AM

Related circulars · Financial Markets Regulation
RBI Announces ₹1.25 Lakh Crore 2-Day VRR Auction on July 1Overnight VRR Auction Result: June 30, 2026VRR Auction June 29, 2026: ₹75,021 Cr Allotted at 5.26%RBI Finalises Master Direction – Credit Derivatives Directions, 2026RBI to Conduct 2-Day VRR Auction on June 29, 2026
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Who does what — compliance checklist
📜 Compliance
  • Participate in the VRR auction on June 30, 2026, between 9:30-10:00 AM
  • Align your treasury's liquidity planning with the ₹75,000 crore injection
  • Review the Jan 20, 2022 operational guidelines for bidding procedures
  • Monitor reversal on July 1, 2026, for impact on your cash position
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Scheduled commercial banks (participants in the LAF)), your first concrete step on “RBI conducts ₹75,000 crore overnight VRR auction on June 30, 2026” is: “Participate in the VRR auction on June 30, 2026, between 9:30-10:00 AM” (RBI issued this 30 Jun 2026).

  1. Circular: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63043 -- RBI conducts ₹75,000 crore overnight VRR auction on June 30, 2026
  2. Issued: 30 Jun 2026
  3. Action required: Participate in the VRR auction on June 30, 2026, between 9:30-10:00 AM
  4. Action required: Align your treasury's liquidity planning with the ₹75,000 crore injection
  5. Action required: Review the Jan 20, 2022 operational guidelines for bidding procedures
  6. Action required: Monitor reversal on July 1, 2026, for impact on your cash position
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
AI-drafted · 1-model AI consensus fact-check · under the editorial review of our expert review panel · decoded & published by BankPulse · 29 Jun 2026, 19:26 IST
Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63043 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; never reproduces RBI text verbatim.
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