Document title: Result of the Overnight Variable Rate Repo (VRR) auction held on July 09, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/633
Date: July 09, 2026
Policy Rates and Liquidity
The Reserve Bank of India conducted an overnight variable rate repo auction on 9 July 2026. The notified amount for the auction was ₹50,000 crore. Bids received totaled ₹46,729 crore, and the entire bid volume was allotted, resulting in an amount allotted of ₹46,729 crore. The cut‑off rate and the weighted‑average rate were both 5.26 per cent. No partial allotment percentage was applicable, indicating that all bids were satisfied at the cut‑off rate.
The auction fully absorbed the bid volume at a 5.26 % rate, reflecting the RBI’s liquidity stance on the date of the operation.