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RBI to conduct three-day VRR auction of Rs 1 lakh crore on June 19
Jun-19-2026

With an aim to ease liquidity pressures and keep overnight money market rates in check, the Reserve Bank of India (RBI) has said it will conduct a three-day variable rate repo (VRR) auction of Rs 1 lakh crore on June 19. It stated that the auction will take place on June 19 between 9:30 and 10:00 am, and the reversal of these funds will take place on June 22.

It mentioned ‘On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, June 19.’ Currently, banking system liquidity is estimated to be in a surplus of around Rs 4,772.21 crore on June 17, which has narrowed from Rs 23,881.21 crore on June 16, following the advance tax payments.

The liquidity surplus recorded on June 17 was the lowest since March 22, 2026, when the banking system was in a liquidity deficit of Rs 65,395.64 crore. Over the past few days, the RBI has infused transient liquidity of about Rs 1.89 lakh crore through variable rate repo (VRR) auctions of different tenures over the past few days.


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