Document title: Result of the 2‑day Variable Rate Repo (VRR) auction held on June 29, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/555
Date: June 29, 2026
Policy Rates and Liquidity
The Reserve Bank of India conducted a two‑day Variable Rate Repo auction on 29 June 2026. The notified amount for the auction was ₹75,000 crore. Bids received from participants amounted to ₹76,275 crore, indicating a slight oversubscription. The RBI allotted ₹75,021 crore, which corresponds to 98.09 % of the bids received at the cut‑off rate. Both the cut‑off rate and the weighted average rate for the repo operation were set at 5.26 percent.
The auction results demonstrate the RBI’s liquidity provisioning at the stated repo rate, with a near‑full allocation of the notified amount, reflecting market demand and the effectiveness of the variable rate mechanism.