Document title: Result of the 3‑day Variable Rate Repo (VRR) auction held on July 10 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/641
Date: July 10 2026
Policy Rates and Liquidity
The RBI announced the outcome of a three‑day Variable Rate Repo (VRR) auction conducted on 10 July 2026. The notified amount for the auction was ₹50,000 crore. Bids received totaled ₹53,233 crore, indicating strong demand from participants. The RBI allotted ₹50,015 crore, representing a partial allotment of 92.71% of the bids received at the cut‑off rate. Both the cut‑off rate and the weighted average rate were fixed at 5.26 percent, reflecting the pricing level for the liquidity injected through this operation.
The auction result demonstrates that the RBI was able to absorb the majority of the notified amount at the prevailing rate, thereby providing the intended short‑term liquidity to the banking system while maintaining the repo rate at 5.26 percent.
This outcome underscores the RBI’s ongoing management of market liquidity through variable‑rate repo operations.