RBI Schedules Rs 1.50 Lakh Crore 7-Day Variable Rate Repo Auction for March 17

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RBI to Auction Rs 1.50 Lakh Cr Repo on March 17 Amidst Liquidity Surplus

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News18•16-03-2026, 21:00

RBI to Auction Rs 1.50 Lakh Cr Repo on March 17 Amidst Liquidity Surplus

•The Reserve Bank of India (RBI) will conduct a 7-day variable rate repo (VRR) auction of Rs 1.50 lakh crore on March 17.
•The auction is scheduled between 9:30 AM and 10:00 AM on March 17, with funds reversal on March 24.
•This decision is based on the current banking system's liquidity conditions, which show a surplus of approximately Rs 2.08 lakh crore.
•RBI has infused Rs 3.50 lakh crore of durable liquidity through open market purchase (OMO) of government securities since January 2026.
•The auction aims to ease pressure from expected advance tax and Goods and Services Tax (GST) outflows this month.

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