RBI VRR Auction 15 Jun 2026: 5.26%

Document title: Result of the Overnight Variable Rate Repo (VRR) auction held on June 15, 2026

Issuing authority: Reserve Bank of India, Department of Communication

Reference number: Press Release 2026-2027/452

Date: June 15, 2026

Policy rates and liquidity

The Reserve Bank of India conducted an overnight Variable Rate Repo (VRR) auction on 15 June 2026. The notified amount for the auction was ₹75,000 crore. Bids received totaled ₹28,220 crore, and the entire bid volume was allotted, resulting in an amount allotted of ₹28,220 crore. The cut‑off rate for the auction was set at 5.26 %, while the weighted average rate achieved was 5.27 %. No partial allotment percentage was applicable as all bids were fully allotted at the cut‑off rate.

The auction outcome reflects the RBI's liquidity management stance, providing short‑term funding to banks at the disclosed rates.

Overall, the RBI used the VRR mechanism to inject liquidity at a 5.26 % cut‑off, indicating the current policy rate environment and the central bank's approach to managing market liquidity.