Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on November 04, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/1435
Date: November 04, 2026
Policy Rates and Liquidity
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 4 November 2026 for a 1‑day tenor. The notified amount for the auction was ₹50,000 crore. Participants submitted offers totaling ₹73,907 crore. The RBI accepted ₹50,015 crore of these offers, resulting in a partial acceptance of 67.64% of the total offers at the cut‑off rate. Both the cut‑off rate and the weighted average rate were set at 5.49% for the 1‑day tenor.
The auction outcome reflects the RBI's liquidity management stance on the day, with the reverse repo rate anchored at 5.49% and a substantial amount of liquidity absorbed through the operation.
Overall, the RBI’s VRRR auction on 4 November 2026 demonstrates the central bank’s active role in managing short‑term liquidity conditions, maintaining the reverse repo rate at 5.49% and absorbing excess funds as indicated by the high volume of offers received.