Document title: Result of the Second 3‑day Variable Rate Repo (VRR) auction held on July 17, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026‑2027/694
Date: July 17, 2026
Policy rates and liquidity
The RBI announced that the second 3‑day Variable Rate Repo auction conducted on July 17 2026 had a notified amount of ₹50,000 crore. Bids received amounted to ₹816 crore, which were fully allotted. Both the cut‑off rate and the weighted average rate were 5.26 %. No partial allotment was required as all bids were satisfied at the cut‑off rate.
Regulatory and policy measures
The results were communicated through Press Release 2026‑2027/694 issued by Deputy General Manager Ajit Prasad of the RBI Communications Department.
The auction outcome reflects the RBI’s ongoing liquidity management through the VRR mechanism, with a modest cut‑off rate indicating the prevailing cost of short‑term funds in the market.