Document title: Result of the 26‑day Variable Rate Reverse Repo (VRRR) auction
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1096
Date: 11 September 2026
Policy rates and liquidity
The Reserve Bank of India disclosed that the 26‑day VRRR auction received a total of ₹60,449 crore in offers, matching the amount accepted. The notified amount for the operation was ₹5,00,000 crore. Both the cut‑off rate and the weighted‑average rate were set at 5.24 percent. No partial acceptance of offers at the cut‑off rate was reported.
Banking and credit
All offers received in the auction were fully accepted, indicating strong participation from market participants in the RBI’s liquidity‑absorption mechanism.
Regulatory and policy measures
The VRRR auction is part of the RBI’s routine monetary‑policy toolkit aimed at managing short‑term liquidity conditions in the banking system. The disclosed rates and volumes reflect the prevailing market conditions as of the auction date.
The operation underscores the RBI’s ongoing commitment to fine‑tune liquidity through variable‑rate reverse repo instruments, ensuring adequate absorption of excess funds while maintaining the policy stance.