Document title: RBI 7-Day VRR Auction 5.26% Rate
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/710
Date: 20 July 2026
Policy Rates and Liquidity
The Reserve Bank of India conducted a 7‑day Variable Rate Repo (VRR) auction on 20 July 2026. The notified amount for the auction was ₹1,25,000 crore. Bids received amounted to ₹72,051 crore, and the entire bid amount was allotted. The cut‑off rate was set at 5.26 %, which also equated to the weighted average rate of the allotted bids. No partial allotment percentage was applicable (recorded as NA). The auction details were released in Press Release 2026‑2027/710 by Deputy General Manager Ajit Prasad of the Communications Department.
The fully subscribed auction at a 5.26 % rate demonstrates the RBI’s liquidity provision through the VRR mechanism and reflects market participants’ demand for short‑term funding at the announced rate.