Document title: Result of the 15‑day Variable Rate Reverse Repo (VRRR) auction held on August 31, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026‑2027/992
Date: August 31, 2026
Policy rates and liquidity
The RBI conducted a 15‑day Variable Rate Reverse Repo (VRRR) auction on 31 August 2026. The notified amount for the operation was ₹6 lakh crore. Total offers received amounted to ₹1,34,625 crore, which were fully accepted. The cut‑off rate and the weighted average rate were both 5.24 percent. No partial acceptance of offers at the cut‑off rate was reported. The auction result was released through Press Release 2026‑2027/992 by Deputy General Manager Ajit Prasad of the Communications Department.
The auction indicates strong demand for reverse repo liquidity at a 5.24 percent rate, with offers far exceeding the notified amount, reflecting ample market participation.