RBI VRRR Auction 85,424 Cr at 5.24%

Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 30, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release 2026-2027/1214

Date: September 30, 2026

Policy Rates and Liquidity

The RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 30 September 2026. The notified amount for the auction was ₹2,00,000 crore. Participants submitted offers totaling ₹85,424 crore, and the entire amount of ₹85,424 crore was accepted. The cut‑off rate and the weighted average rate were both set at 5.24 per cent. No partial acceptance percentage was reported, indicating that all bids were accepted at the cut‑off rate.

The auction results reflect the RBI's liquidity management stance on the specified date, with a substantial amount of reverse repo operations executed at a rate of 5.24 per cent.

In conclusion, the RBI's overnight VRRR auction on 30 September 2026 saw full subscription of ₹85,424 crore at a uniform rate of 5.24 per cent, demonstrating the central bank's active role in managing short‑term liquidity.