RBI VRRR Auction ₹2.23 Lakh Cr at 5.24%

Document title: Result of the 3‑day Variable Rate Reverse Repo (VRRR) auction held on September 18, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/1142

Date: 18 September 2026

Policy Rates and Liquidity

The Reserve Bank of India conducted a three‑day Variable Rate Reverse Repo auction on 18 September 2026. It notified an amount of ₹2,25,000 crore. Participants submitted offers amounting to ₹2,22,629 crore, which were fully accepted, resulting in an accepted amount equal to the total offers received. The auction’s cut‑off rate and the weighted average rate were both 5.24 percent. No partial acceptance of offers at the cut‑off rate was reported.

In summary, the RBI’s VRRR operation absorbed ₹2.23 lakh crore of liquidity at a uniform rate of 5.24 percent, reflecting the central bank’s stance on short‑term liquidity management.