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announcement RBI Wednesday, 6 May 2026 NEW

RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF on May 07, 2026

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Official announcement — a public communication of a policy decision, milestone, or initiative. Signals government intent and often precedes formal notification or legislative action.

Summary

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Thursday, May 07, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 4 9:30 AM to 10:00 AM May 11, 2026 (Monday) 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

Type Announcement
Source Reserve Bank of India
Published Wednesday, 6 May 2026
Affected Population 1.4 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 III BJP-led NDA
Centre-Right
Left Centre Right

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