RBI Announces Rs 1.50 Lakh Crore Seven-Day Variable Rate Repo Auction on March 17

The Reserve Bank of India (RBI) announced a seven-day variable rate repo auction of Rs 1.50 lakh crore scheduled for March 17, with fund reversal on March 24. This move responds to current and evolving liquidity conditions, amid a surplus liquidity estimated at Rs 2.08 lakh crore. Since January 2026, RBI has infused Rs 3.50 lakh crore through open market operations to manage overnight rates and address liquidity pressures from upcoming tax outflows.