RBI VRR Auction Allots ₹50,003 Cr @5.58%

Document title: Result of the 3‑day Variable Rate Repo (VRR) auction held on October 23, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026‑2027/1373

Date: 23 October 2026

Policy Rates and Liquidity

The Reserve Bank of India conducted a three‑day Variable Rate Repo auction on 23 October 2026. The auction was announced with a notified amount of ₹50,000 crore. Bids received totalled ₹106,949 crore, of which ₹50,003 crore were allotted, representing a partial allotment of 30.99 % of the bids at the cut‑off rate. The cut‑off rate was set at 5.58 %, while the weighted average rate of the allotted bids was 5.60 %. The auction result was released through Press Release 2026‑2027/1373, signed by Deputy General Manager Ajit Prasad of the Communications Division.

The RBI’s VRR auction demonstrated strong demand for short‑term liquidity, with bids more than double the notified amount and the repo rate anchored near 5.6 %, indicating the central bank’s stance on maintaining liquidity conditions.