The auction will take place on June 19 between 9.30 am and 10 am and the reversal of the funds will take place on June 22, the release said.
“On review of the current and evolving liquidity position, it has been decided to conduct the Variable Rate Repo (VRR) auction on Friday, June 19,” RBI said in a release.
Currently, liquidity in the banking system as on June 17 was around Rs. 4,772.21 crore is estimated to be in surplus, following payment of advance tax on June 16 to Rs. has decreased from 23,881.21 crores.
The liquidity surplus recorded on June 17 was the lowest level since March 22, 2026, when the banking system had Rs. 65,395.64 crore was in liquidity deficit, RBI data showed.
To ease liquidity pressures and keep the overnight money market rate in check, the central bank has over the past few days through variable rate repo (VRR) auctions of various tenures, around Rs. 1.89 lakh crore in transitory liquidity.
According to RBI data, out of the total investment, RBI on Wednesday through two VRR auctions raised Rs. 72,300 crore, through the seven-day VRR auction on June 16 at Rs. 89,440 crore and through overnight VRR auction on June 15 Rs. 28,220 crore was injected.
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