Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 16, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1121
Date: 16 September 2026
Policy rates and liquidity
The RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 16 September 2026 with a notified amount of ₹2,50,000 crore. Total offers received amounted to ₹3,17,088 crore, of which ₹2,50,025 crore were accepted, reflecting a partial acceptance of 66.9% at the cut‑off rate. Both the cut‑off rate and the weighted average rate were fixed at 5.24 per cent. The auction results indicate robust demand for reverse repo operations and the RBI’s willingness to provide liquidity at the stated rate.
The announcement was issued as Press Release 2026‑2027/1121 by Deputy General Manager Ajit Prasad (Communications).