The Reserve Bank of India (RBI) on Thursday said it will conduct a three-day variable rate repo (VRR) auction of ₹1 lakh crore on June 19, according to a notification.The auction will take place between 9.30 am and 10 am on June 19, and the reversal of these funds will take place on June 22, the release said.
”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,” the RBI said in a release.
Currently, the liquidity in the banking system is estimated to be in surplus of around ₹4,772.21 crore on June 17, which has narrowed from ₹23,881.21 crore on June 16, following the advance tax payments.The liquidity surplus reported on June 17 was the lowest level since March 22, 2026, when the banking system was in a liquidity deficit of ₹65,395.64 crore, the RBI data showed.To ease liquidity pressures and keep overnight money market rates in check, the central bank has infused transient liquidity of about ₹1.89 lakh crore through variable rate repo (VRR) auctions of different tenures over the past few days.Of the total infusion, the RBI injected ₹72,300 crore on Wednesday through two VRR auctions, ₹89,440 crore via a seven-day VRR auction on June 16, and ₹28,220 crore through an overnight VRR auction on June 15, according to RBI data.
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