RBI 7-Day VRRR Auction Cutoff 5.24%

Document title: Result of the 7‑day Variable Rate Reverse Repo (VRRR) auction held on August 24, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/950

Date: August 24, 2026

Policy Rates and Liquidity

The RBI announced the outcome of its 7‑day Variable Rate Reverse Repo auction conducted on 24 August 2026. The auction was notified for a total amount of ₹2,50,000 crore. Bids received from participants amounted to ₹91,980 crore, and the entire bid volume was accepted. The cut‑off rate and the weighted average rate were both set at 5.24 %. No partial acceptance of offers was reported, indicating that all bids were accepted at the cut‑off rate.

The full subscription of ₹91,980 crore at a 5.24 % rate reflects the prevailing liquidity conditions and the RBI’s stance on short‑term reverse repo operations.