Document title: Result of the 2‑day Variable Rate Reverse Repo (VRRR) auction held on August 25, 2026
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release: 2026-2027/963
Date: 25 August 2026
Policy rates and liquidity
The RBI announced a 2‑day Variable Rate Reverse Repo (VRRR) auction on 25 August 2026 with a notified amount of ₹1,75,000 crore. Total bids received amounted to ₹98,516 crore, and the entire bid volume was accepted. The cut‑off rate and the weighted average rate were both set at 5.24 %. No partial acceptance of offers was reported, indicating that all bids were satisfied at the announced rate.
The operation reflects the RBI’s ongoing liquidity management stance, utilizing the VRRR mechanism to absorb excess funds from the banking system at the stated rate.