Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 15, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1111
Date: September 15, 2026
Policy Rates and Liquidity
The RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 15 September 2026. The notified amount for the auction was ₹5,00,000 crore. Participants submitted offers totaling ₹3,93,352 crore, and the entire amount of offers received was accepted. The cut‑off rate and the weighted average rate were both fixed at 5.24 per cent. No partial acceptance of offers was reported, indicating that all bids were satisfied at the cut‑off rate.
Regulatory and Policy Measures
The outcome of the auction was communicated through Press Release 2026-2027/1111, issued by Deputy General Manager Ajit Prasad of the RBI Communications Department. The release provides the complete details of the auction results and serves as an official notification of the policy operation.
The VRRR auction result reflects the RBI's ongoing liquidity management stance, maintaining the reverse repo rate at 5.24 per cent for the overnight tenor.