Document title: Result of the 3‑day Variable Rate Reverse Repo (VRRR) auction held on November 13, 2026
Issuing authority: Reserve Bank of India (RBI) – Department of Communication, Central Office, Shahid Bhagat Singh Marg, Mumbai
Reference number: Press Release 2026-2027/1490
Date: 13 November 2026
Policy rates and liquidity
The RBI conducted a three‑day Variable Rate Reverse Repo auction on 13 November 2026. The notified amount for the operation was ₹75,000 crore. Participants submitted offers amounting to ₹38,592 crore, which were fully accepted, resulting in an accepted amount of ₹38,592 crore. The auction’s cut‑off rate was fixed at 5.49 percent, which also equated to the weighted average rate of the accepted bids. No partial acceptance of offers at the cut‑off rate was reported (indicated as NA).
The press release, signed by Deputy General Manager Ajit Prasad of the Communications division, provides the official figures and rates for this liquidity‑management operation.
In conclusion, the RBI’s VRRR auction on 13 Nov 2026 absorbed ₹38,592 crore of liquidity at a uniform rate of 5.49 percent, reflecting the central bank’s stance on short‑term interest rates and market liquidity conditions.