Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 28, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1198
Date: September 28, 2026
Policy Rates and Liquidity
The RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 28 September 2026. The notified amount for the auction was ₹200,000 crore. Participants submitted offers totaling ₹111,711 crore, and the entire ₹111,711 crore of offers was accepted. Both the cut‑off rate and the weighted average rate for the accepted bids were set at 5.24%, reflecting the pricing level for the reverse repo operation. No partial acceptance percentage was reported.
Regulatory and Policy Measures
The outcome of the auction was communicated through Press Release number 2026‑2027/1198, issued by Deputy General Manager Ajit Prasad of the RBI Communications Department. The release provides the official figures and rates, confirming the execution of the monetary policy tool on the stated date.
The RBI’s VRRR auction resulted in a lower amount of bids than the notified ceiling, with the accepted volume matching the total offers received and the rate fixed at 5.24%, indicating the prevailing liquidity conditions and policy stance on that day.