RBI VRRR 18 Aug: ₹75k Cr, 5.24%

Document title: Result of the second Overnight Variable Rate Reverse Repo (VRRR) auction held on August 18, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/916

Date: August 18, 2026

Policy Rates and Liquidity

The Reserve Bank of India conducted its second overnight Variable Rate Reverse Repo (VRRR) auction on 18 August 2026. The notified amount for the auction was ₹75,000 crore. Participants submitted offers totaling ₹36,595 crore, and the entire amount of ₹36,595 crore was accepted. The cut‑off rate and the weighted average rate were both 5.24 per cent. No partial acceptance percentage was applicable, indicating that all accepted bids were at the cut‑off rate.

The auction outcome demonstrates that the RBI’s VRRR operation was fully subscribed, providing liquidity to the banking system at a rate of 5.24 per cent.