RBI VRRR Auction 5.24% on ₹10,142 Cr

Document title: Result of the Second Overnight Variable Rate Reverse Repo (VRRR) auction held on October 05, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/1248

Date: October 05, 2026

Policy rates and liquidity

The RBI notified a total amount of ₹50,000 crore for the second overnight VRRR auction conducted on 5 October 2026. Participants submitted offers amounting to ₹10,142 crore, and the entire ₹10,142 crore was accepted. The cut‑off rate and the weighted average rate were both 5.24 %. No partial acceptance of offers was reported as all offers were accepted at the cut‑off rate.

The operation demonstrates the RBI’s use of the VRRR mechanism to absorb liquidity from the banking system at the prevailing policy rate of 5.24 %.