Document title: Result of the Second Overnight Variable Rate Reverse Repo (VRRR) auction held on November 04, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1438
Date: 04 November 2026
Policy Rates and Liquidity
The RBI conducted its second overnight Variable Rate Reverse Repo (VRRR) auction on 4 November 2026. The notified amount for the auction was ₹25,000 crore. Total offers received amounted to ₹1,180 crore, and the entire ₹1,180 crore was accepted. The cut‑off rate and the weighted average rate were both 5.49 %. No partial acceptance percentage was reported, indicating that all bids were accepted at the cut‑off rate.
Regulatory and Policy Measures
The auction result was communicated through Press Release 2026‑2027/1438 issued by Deputy General Manager Ajit Prasad of the Communications Division of the RBI.
The RBI’s VRRR auction on 4 November 2026 absorbed ₹1,180 crore of liquidity at a 5.49 % rate, reflecting the central bank’s ongoing use of reverse repo operations to manage short‑term liquidity conditions.