RBI VRR Auction 50k Cr at 5.26%

Document title: Result of the Overnight Variable Rate Repo (VRR) auction held on July 29, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/775

Date: July 29, 2026

Policy Rates and Liquidity

The Reserve Bank of India conducted an overnight Variable Rate Repo (VRR) auction on 29 July 2026. The notified amount for the auction was ₹50,000 crore. Bids received totaled ₹56,620 crore, indicating strong demand from participants. The RBI allotted ₹50,020 crore, which is 88.27% of the total bids received at the cut‑off rate. Both the cut‑off rate and the weighted average rate for the auction were fixed at 5.26 percent.

This auction result reflects the RBI's ongoing liquidity management operations in the short‑term money market.