RBI VRRR Auction 5.24% on ₹142,622 Cr

Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on August 27, 2026

Issuing Authority: Reserve Bank of India (RBI)

Reference: Press Release 2026-2027/969

Date: 27 August 2026

Policy Rates and Liquidity

The RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 27 August 2026. The notified amount for the auction was ₹200,000 crore. Total offers received amounted to ₹142,622 crore, and the entire ₹142,622 crore was accepted. The cut‑off rate and the weighted average rate were both set at 5.24 %. No partial acceptance of offers at the cut‑off rate was reported.

The auction results indicate that the RBI’s liquidity absorption through the VRRR mechanism was fully subscribed at a 5.24 % rate, reflecting market participants’ willingness to lend funds at the announced rate.