RBI 3-Day VRRR Auction at 5.24% Rate

Document title: Result of the 3‑day Variable Rate Reverse Repo (VRRR) auction held on August 14, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026‑2027/889

Date: 14 August 2026

Policy Rates and Liquidity

The RBI announced that the 3‑day Variable Rate Reverse Repo auction had a notified amount of ₹1,50,000 crore. Total offers received amounted to ₹80,235 crore, and the entire ₹80,235 crore was accepted. The cut‑off rate and the weighted average rate were both 5.24 %. No partial acceptance percentage was reported for offers at the cut‑off rate.

The operation demonstrates the RBI’s use of reverse repo mechanisms to absorb excess liquidity from the banking system at the prevailing policy rate.