Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on November 03, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1427
Date: November 03, 2026
Policy rates and liquidity
The RBI announced that the overnight VRRR auction had a notified amount of ₹50,000 crore. Total offers received amounted to ₹23,905 crore, and the entire ₹23,905 crore was accepted. The cut‑off rate and the weighted average rate were both 5.49 %. No partial acceptance of offers was reported as all bids were taken at the cut‑off rate.
The auction result reflects the RBI’s liquidity management operations for the day.