RBI Overnight VRR Auction 5.26% Rate

Document title: Result of the Overnight Variable Rate Repo (VRR) auction held on July 07, 2026

Issuing authority: Reserve Bank of India

Reference number: Press Release: 2026-2027/619

Date: July 07, 2026

Policy Rates and Liquidity

The Reserve Bank of India conducted an overnight Variable Rate Repo (VRR) auction on 7 July 2026. The auction notified a total amount of ₹50,000 crore. Bids received amounted to ₹1,135 crore, and the full bid amount was allotted. The cut‑off rate for the 1‑day tenor was set at 5.26 percent, which also equaled the weighted‑average rate. No partial allotment percentage was applicable.

The auction result shows that the RBI fully absorbed the ₹1,135 crore of bids at a 5.26 percent rate, reflecting its current liquidity management stance.