Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 22, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1164
Date: September 22, 2026
Policy Rates and Liquidity
The RBI announced the outcome of its overnight Variable Rate Reverse Repo (VRRR) auction conducted on 22 September 2026. The notified amount for the auction was ₹75,000 crore. Participants submitted offers totaling ₹71,971 crore, and the entire ₹71,971 crore was accepted. The cut‑off rate and the weighted average rate were both 5.24 per cent. The auction report indicated that the partial acceptance percentage of offers received at the cut‑off rate was not applicable (recorded as NA).
The press release was issued by Deputy General Manager Ajit Prasad of the Communications division.
In conclusion, the overnight VRRR auction was fully subscribed at a rate of 5.24 per cent, reflecting the RBI's liquidity absorption operation for that day.