Document title: Result of the 29‑day Variable Rate Reverse Repo (VRRR) auction held on October 08, 2026
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release 2026‑2027/1277
Date: October 08, 2026
Policy rates and liquidity
The RBI conducted a 29‑day Variable Rate Reverse Repo auction on 8 October 2026. The notified amount for the operation was ₹2 lakh crore. Participants submitted offers totaling ₹79,655 crore, and the entire ₹79,655 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 result was communicated through a press release numbered 2026‑2027/1277, issued by the Department of Communication of the RBI. The release was signed by Deputy General Manager Ajit Prasad (Communications).
The auction demonstrated strong demand for reverse‑repo liquidity at a 5.49 percent rate, with offers far exceeding the notified amount, indicating ample market appetite for short‑term RBI liquidity facilities.