Document title: Result of the 3‑day Variable Rate Repo (VRR) auction held on July 27, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/757
Date: July 27, 2026
Policy Rates and Liquidity
The RBI conducted a three‑day Variable Rate Repo (VRR) auction on 27 July 2026. The notified amount for the auction was ₹75,000 crore. Bids received totaled ₹12,720 crore, and the entire bid volume was allotted, resulting in an amount allotted of ₹12,720 crore. Both the cut‑off rate and the weighted average rate were 5.26 percent. No partial allotment percentage was reported at the cut‑off rate.
The successful allotment of the full bid amount at a uniform rate of 5.26 percent reflects the RBI’s liquidity management stance through the VRR mechanism.