New Delhi: As mentioned in the earlier data, the 90-day Variable Rate Repo (VRR) operation for an amount of Rs 25,000 crore to be conducted on January 30, 2026, the Reserve Bank will be conducting a USD/INR Buy/Sell swap auction of USD 10 billion for a tenor of three years.
The swap amount is USD 10 billion with auction date 04 February, 2026 and spot date is 06 February, 2026 with far date on 06 February, 2029.
It was also mentioned that OMO purchase auctions of Government of India securities will be done for an aggregate amount of Rs 1,00,000 crore in two tranches of Rs 50,000 crore each to be held on February 05, 2026, and February 12, 2026.
The market participants would be required to place their bids in terms of the premium that they are willing to pay to the Reserve Bank for the tenor of the swap, expressed in paisa terms up to two decimal places. The auction cut-off would be based on the premium.
The auction would be a multiple price-based auction, i.e., successful bids will get accepted at their respective quoted premium.