Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on October 08, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026‑2027/1280
Date: October 08, 2026
Policy Rates and Liquidity
The RBI announced that the overnight Variable Rate Reverse Repo (VRRR) auction for the 1‑day tenor had a notified amount of ₹200,000 crore. Total offers received amounted to ₹160,664 crore, and the entire ₹160,664 crore was accepted. The cut‑off rate and the weighted‑average rate were both 5.49 percent. No partial acceptance of offers at the cut‑off rate was reported.
The auction result indicates that the RBI’s liquidity‑absorption operation was fully subscribed at the prevailing rate, reflecting market participants’ response to the announced rate.