Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 09, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1074
Date: September 09, 2026
Policy rates and liquidity
The RBI conducted a one‑day Overnight Variable Rate Reverse Repo (VRRR) auction on 9 September 2026. The notified amount for the auction was ₹5,00,000 crore. Participants submitted offers totaling ₹4,61,586 crore, and the entire amount of ₹4,61,586 crore was accepted. The cut‑off rate and the weighted average rate were both 5.24 %. No partial acceptance was required as the full amount was taken up at the cut‑off rate.
The successful absorption of the full ₹4,61,586 crore at a 5.24 % rate reflects the RBI’s liquidity management stance on the date of the auction.
In conclusion, the RBI’s VRRR auction on 9 September 2026 achieved complete subscription at a 5.24 % rate, indicating effective liquidity absorption through the reverse repo mechanism.