RBI VRRR Auction 5.24% Rate, 82,788 Cr

Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on August 18, 2026

Issuing authority: Reserve Bank of India

Reference number: Press Release: 2026-2027/914

Date: August 18, 2026

Policy Rates and Liquidity

The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 18 August 2026 for a 1‑day tenor. The notified amount for the auction was ₹150,000 crore. Participants submitted offers totaling ₹82,788 crore, and the RBI accepted the entire ₹82,788 crore of offers. 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 (indicated as N.A.).

The auction outcome reflects the RBI’s liquidity management stance on the date, with the reverse repo rate anchored at 5.24 % and full utilisation of the submitted offers.

This document provides a factual snapshot of the RBI’s overnight reverse repo operation and its associated rates and volumes.