RBI to conduct 3-day Variable Rate Repo (VRR) auction under LAF on May 12, 2026
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Summary
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, May 12, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor(day) Window Timing Date of Reversal 1 50,000 3 9:30 AM to 10:00 AM May 15, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad &
Key Facts
TypeAnnouncement
SourceReserve Bank of India
PublishedMonday, 11 May 2026
Affected Population1.4 billion consumers, 300 million without reliable power
Key Numbers
500 GW non-fossil fuel capacity target by 2030
Saubhagya: 100% household electrification
175 GW renewable energy installed (2025)
Rs 15,000 crore for Digital India initiatives
Key Authorities
Ministry of PowerMinistry of New & Renewable EnergyCEAMinistry of Electronics & ITTRAI
Key Stakeholders
Power ConsumersDISCOMsCoal IndustryInternet UsersTech CompaniesStartups
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
1 change recorded for this policy.
DescriptionTuesday, 12 May 2026via rbi
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, May 12, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor(day) Window Timing Date of Reversal 1 50,000 3 9:30 AM to 10:00 AM May 15, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad &
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 7,190 Amount allotted (in ₹ crore) 7,190 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/243