RBI 3-Day VRRR Auction: ₹152,537 cr at 5.24%

Document title: Result of the 3‑day Variable Rate Reverse Repo (VRRR) auction held on August 28, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026-2027/981

Date: 28 August 2026

Policy Rates and Liquidity

On 28 August 2026, the RBI conducted a three‑day Variable Rate Reverse Repo auction. The notified amount for the operation was ₹300,000 crore. Participants submitted offers amounting to ₹152,537 crore, and the RBI accepted the entire ₹152,537 crore of offers. Both the cut‑off rate and the weighted‑average rate were fixed at 5.24 percent. The auction did not involve any partial acceptance of offers at the cut‑off rate, as indicated by the N.A. entry.

Regulatory and Policy Measures

The outcome of the VRRR auction reflects the RBI’s ongoing use of reverse repo operations as a tool for managing short‑term liquidity conditions in the banking system. By absorbing ₹152,537 crore at a 5.24 percent rate, the central bank signals its stance on liquidity provision and rate stability.

The RBI’s communication was issued by Deputy General Manager Ajit Prasad of the Communications Division. This result underscores the central bank’s active liquidity management framework as part of its broader monetary policy toolkit.