GK and monthly revision

RBI to conduct Overnight Variable Rate Repo (VRR) auction under LAF on July 09, 2026

The Reserve Bank of India (RBI) has announced a Variable Rate Repo (VRR) auction scheduled for July 09, 2026, to address current liquidity conditions. This auction will allow banks to borrow funds at variable rates, impacting the money supply and interest rates in the economy. The notified amount for this auction is ₹50,000 crore, with a tenor of one day, and the reversal date set for July 10, 2026. Such monetary policy tools are crucial for maintaining economic stability and are important topics for competitive exams.