RBI VRRR Auction 5 Lakh Cr, 5.24% Rate

Document Title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 02, 2026

Issuing Authority: Reserve Bank of India (RBI)

Reference Number: Press Release 2026-2027/1020

Date: September 02, 2026

Policy Rates and Liquidity

The RBI conducted a one‑day Overnight Variable Rate Reverse Repo (VRRR) auction on 2 September 2026. The notified amount for the auction was ₹5,00,000 crore. Total offers received amounted to ₹4,59,843 crore, and the entire offered amount was accepted. Both the cut‑off rate and the weighted average rate were fixed at 5.24 %. No partial acceptance was applicable as the offers matched the cut‑off rate.

In conclusion, the auction was fully subscribed, with the reverse repo rate set at 5.24 %, reflecting the RBI’s liquidity management stance on the date of the operation.