Document title: Result of the 4‑day Variable Rate Reverse Repo (VRRR) auction held on September 11, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/1099
Date: 11 September 2026
Policy Rates and Liquidity
The RBI announced the outcome of a four‑day Variable Rate Reverse Repo (VRRR) auction conducted on 11 September 2026. The notified amount for the auction was ₹5,00,000 crore. Participants submitted offers totaling ₹3,44,864 crore, and the entire offered amount was accepted. Both the cut‑off rate and the weighted average rate were fixed at 5.24 %. No partial acceptance of offers was required, as the full volume of offers matched the notified amount at the cut‑off rate.
Regulatory and Policy Measures
The auction forms part of the RBI’s routine liquidity management operations aimed at calibrating short‑term market liquidity. The result reflects the market’s willingness to absorb reverse repo operations at the quoted rate.
The VRRR auction outcome indicates robust participation and full subscription at the stated rate, underscoring the effectiveness of the RBI’s liquidity tools in the prevailing market environment.