Document title: Result of the 3‑day Variable Rate Reverse Repo (VRRR) auction held on October 12, 2026
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release 2026‑2027/1308
Date: 12 October 2026
Policy Rates and Liquidity
The RBI conducted a three‑day Variable Rate Reverse Repo auction on 12 October 2026. The notified amount for the operation was ₹200,000 crore. Participants submitted offers amounting to ₹37,558 crore, and the entire ₹37,558 crore was accepted. The cut‑off rate and the weighted‑average rate were both 5.49 percent. No partial acceptance of offers at the cut‑off rate was reported.
Regulatory and Policy Measures
The auction forms part of the RBI’s routine liquidity‑management toolkit, aimed at absorbing short‑term excess liquidity from the banking system. The result reflects the prevailing market conditions and the RBI’s stance on short‑term policy rates.
The RBI successfully absorbed ₹37,558 crore of liquidity at a 5.49 percent rate through the VRRR auction, indicating the central bank’s ongoing effort to manage short‑term liquidity and maintain stability in the money market.