Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on October 05, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release: 2026-2027/1243
Date: October 05, 2026
Policy Rates and Liquidity
The RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 5 October 2026. The notified amount for the auction was ₹2,00,000 crore. Bids received totalled ₹2,10,688 crore, and the RBI accepted ₹2,00,050 crore, representing a partial acceptance of 94.36% of the offers at the cut‑off rate. Both the cut‑off rate and the weighted average rate were set at 5.24 per cent, indicating the cost of overnight liquidity for banks.
Regulatory and Policy Measures
The auction result was communicated through Press Release 2026‑2027/1243 issued by Deputy General Manager Ajit Prasad of the RBI’s Department of Communication.
The RBI’s VRRR operation absorbed a substantial amount of liquidity at a 5.24% rate, reflecting the central bank’s ongoing stance on managing short‑term liquidity conditions.