Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on August 10, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/848
Date: August 10, 2026
Policy Rates and Liquidity
The RBI announced the outcome of its overnight variable rate reverse repo auction conducted on 10 August 2026. The notified amount for the auction was ₹100,000 crore. Participants submitted offers totaling ₹58,671 crore, and the entire ₹58,671 crore was accepted. Both the cut‑off rate and the weighted average rate were fixed at 5.24%, and there was no partial acceptance of offers at the cut‑off rate.
Regulatory and Policy Measures
The auction result reflects the RBI's ongoing liquidity management operations, utilizing the variable rate reverse repo mechanism to absorb excess liquidity from the banking system. By accepting the full amount of offers at a uniform rate of 5.24%, the RBI signalled a stable stance on short‑term liquidity conditions. No partial acceptance was required, indicating that the demand for reverse repo funds matched the supply at the quoted rate.
The auction outcome underscores the RBI's commitment to maintaining orderly market conditions and effective transmission of monetary policy through its repo and reverse repo operations.