Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 07, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1054
Date: September 07, 2026
Policy Rates and Liquidity
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on September 7, 2026. The notified amount for the auction was ₹5,00,000 crore. Participants submitted offers totaling ₹3,53,390 crore, and the RBI accepted the entire ₹3,53,390 crore offered. The cut‑off rate and the weighted average rate were both fixed at 5.24 percent. No partial acceptance of offers was reported, as indicated by the N.A. entry for the partial acceptance percentage.
Regulatory and Policy Measures
The outcome of the auction was communicated through Press Release 2026‑2027/1054, issued by Deputy General Manager Ajit Prasad of the RBI Communications Department. The release provides the official figures and rates, reflecting the RBI’s ongoing liquidity management operations.
The RBI’s VRRR auction resulted in full acceptance of the offered amount at a 5.24 percent rate, demonstrating the central bank’s active role in managing short‑term liquidity conditions in the banking system.