Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on October 15, 2026
Issuing authority: Reserve Bank of India (RBI), Department of Communication
Reference number: Press Release: 2026-2027/1331
Date: October 15, 2026
Policy rates and liquidity
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 15 October 2026. The notified amount for the operation was ₹50,000 crore. Participants submitted offers amounting to ₹9,562 crore, and the entire ₹9,562 crore was accepted at the cut‑off rate of 5.49 per cent. The weighted average rate of the accepted bids was also 5.49 per cent, indicating that all accepted offers were at the cut‑off price. No partial acceptance percentage was reported for offers received at the cut‑off rate.
The auction outcome reflects RBI's liquidity absorption stance on the day, with the reverse repo rate set at 5.49 per cent and a modest volume of ₹9,562 crore absorbed relative to the notified ceiling.
Overall, the RBI’s VRRR operation on 15 October 2026 resulted in a 5.49% reverse repo rate and full acceptance of the ₹9,562 crore of offers received, providing insight into the central bank’s short‑term liquidity management.