RBI VRRR Auction: 33,770 Cr at 5.24%

Document title: Result of the Second Overnight Variable Rate Reverse Repo (VRRR) auction held on September 29, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/1208

Date: September 29, 2026

Policy Rates and Liquidity

The RBI conducted its second overnight variable rate reverse repo (VRRR) auction on 29 September 2026. The notified amount for the auction was ₹1,00,000 crore. Participants submitted offers totalling ₹33,770 crore, and the entire ₹33,770 crore was accepted. Both the cut‑off rate and the weighted average rate were 5.24 %. No partial acceptance of offers was reported, indicating that all bids were satisfied at the announced rate.

Regulatory and Policy Measures

The auction forms part of the RBI’s ongoing liquidity management framework, using the variable rate reverse repo mechanism to absorb excess liquidity from the banking system.

The operation demonstrates continued market participation in RBI’s liquidity tools, with full subscription at the prevailing rate.