Document title: Result of the 4‑day Variable Rate Reverse Repo (VRRR) auction held on August 06, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/819
Date: August 06, 2026
Policy rates and liquidity
The RBI conducted a four‑day Variable Rate Reverse Repo (VRRR) auction on 6 August 2026. The notified amount for the auction was ₹150,000 crore. Participants submitted offers totaling ₹130,286 crore, and the RBI accepted the entire ₹130,286 crore of offers received. The cut‑off rate for the auction was set at 5.24%, while the weighted average rate achieved was marginally lower at 5.23%. No partial acceptance percentage was reported for offers received at the cut‑off rate.
The auction outcome reflects the RBI’s ongoing liquidity management stance, with the reverse repo rate anchored around the mid‑5% level, indicating the central bank’s calibration of short‑term money market rates.
Overall, the RBI’s VRRR auction on 6 August 2026 resulted in full subscription of the offered amount at a cut‑off rate of 5.24%, with a weighted average rate of 5.23%, underscoring the prevailing liquidity conditions and rate expectations in the market.