Document title: Result of the 2‑day Variable Rate Repo (VRR) auction held on June 17, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/471
Date: June 17, 2026
Policy Rates and Liquidity
The Reserve Bank of India conducted a two‑day Variable Rate Repo (VRR) auction on 17 June 2026. The auction was announced with a notified amount of ₹50,000 crore. Bids received from participating banks and financial institutions totalled ₹68,400 crore, exceeding the notified amount by ₹18,400 crore.
The RBI allotted ₹50,016 crore, marginally above the notified amount, reflecting a partial allotment of 70.32% of the total bids at the cut‑off rate. Both the cut‑off rate and the weighted average rate for the auction were fixed at 5.26 per cent, establishing the cost of short‑term liquidity for the banking system during the auction period.
This outcome demonstrates the RBI’s ability to absorb excess liquidity demand while maintaining the repo rate at the targeted level, thereby supporting its broader monetary policy stance.
Overall, the auction secured ₹50,016 crore of liquidity at a 5.26% rate, indicating stable short‑term funding conditions for banks.