GK and monthly revision

RBI to conduct Second 3-day Variable Rate Repo (VRR) auction under LAF on July 17, 2026

The Reserve Bank of India (RBI) has announced its second Variable Rate Repo (VRR) auction scheduled for July 17, 2026, in response to current liquidity conditions. This auction, with a notified amount of ₹50,000 crore for a tenor of 3 days, is significant as it reflects RBI's ongoing efforts to manage liquidity in the economy. The auction's guidelines follow those established in a previous press release, indicating continuity in policy measures. Such actions are crucial for maintaining economic stability, making them relevant for competitive exams.