Document title: Result of the 7‑day Variable Rate Repo (VRR) auction held on June 23, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/518
Date: June 23, 2026
Policy rates and liquidity
The RBI conducted a 7‑day Variable Rate Repo auction on 23 June 2026. The notified amount for the auction was ₹2,00,000 crore. Bids received totaled ₹1,41,171 crore, and the entire bid volume was allotted, resulting in an amount allotted of ₹1,41,171 crore. Both the cut‑off rate and the weighted average rate were fixed at 5.26 percent. No partial allotment percentage was reported (NA).
The auction was fully subscribed at the quoted rate, indicating strong demand for short‑term liquidity from market participants.