RBI VRR Auction Allots ₹75,003 Cr @5.26%

Document title: Result of the 3‑day Variable Rate Repo (VRR) auction held on July 17, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/692

Date: July 17, 2026

Policy rates and liquidity

The RBI conducted a three‑day Variable Rate Repo (VRR) auction on 17 July 2026 with a notified amount of ₹75,000 crore. Bids received totaled ₹1,09,823 crore, and the RBI allotted ₹75,003 crore, representing a 63 % partial allotment of the bids at the cut‑off rate. Both the cut‑off rate and the weighted average rate were 5.26 %, which is the repo rate applied to the allotted funds.

Regulatory and policy measures

The auction outcome demonstrates the RBI’s ongoing use of the VRR mechanism to manage short‑term liquidity in the banking system and to anchor the repo rate at the announced level.

The result underscores the RBI’s commitment to providing ample liquidity through the VRR facility while maintaining the repo rate at 5.26 % for the allotted amount.