Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 21, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1152
Date: September 21, 2026
Policy Rates and Liquidity
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 21 September 2026. The notified amount for the auction was ₹1,00,000 crore. Participants submitted offers totaling ₹75,058 crore, and the entire ₹75,058 crore was accepted. The cut‑off rate and the weighted average rate were both 5.24 per cent. No partial acceptance percentage was reported for offers received at the cut‑off rate.
The auction result indicates that the RBI was able to absorb the full amount of offers at a uniform rate of 5.24 per cent, reflecting the prevailing liquidity conditions and the effectiveness of the VRRR mechanism in managing short‑term market rates.