RBI VRRR Auction: 5.24% Rate, ₹49,206 Cr

Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on August 24, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026-2027/952

Date: 24 August 2026

Policy rates and liquidity

The RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 24 August 2026. The notified amount for the auction was ₹1,50,000 crore. Participants submitted offers totaling ₹49,206 crore, and the entire ₹49,206 crore of offers was accepted. The cut‑off rate and the weighted average rate were both 5.24 per cent. No partial acceptance of offers was reported, indicating that all accepted bids were taken at the cut‑off rate.

The auction outcome reflects strong demand for reverse repo liquidity at the prevailing policy rate, with the RBI absorbing ₹49,206 crore of excess funds at 5.24 per cent.