Document title: Result of the 10‑day Variable Rate Reverse Repo (VRRR) auction held on October 09, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026‑2027/1291
Date: 09 October 2026
Policy Rates and Liquidity
The auction’s cut‑off rate was fixed at 5.49 percent, which also equated to the weighted average rate of 5.49 percent. No partial acceptance of offers was reported, indicating that all accepted bids were priced uniformly at the cut‑off level.
Banking and Credit
The RBI had notified a total amount of ₹1,50,000 crore for the 10‑day VRRR operation. Participants submitted offers amounting to ₹18,170 crore, and the entire ₹18,170 crore was accepted. The disparity between the notified amount and the actual offers reflects the level of liquidity demand from banks and other eligible institutions on that day.
Regulatory and Policy Measures
The result was communicated through Press Release 2026‑2027/1291, authored by Deputy General Manager Ajit Prasad of the RBI’s Communications Department. The VRRR mechanism continues to serve as a tool for managing short‑term liquidity conditions in the banking system.
The RBI’s announcement confirms that the reverse repo operation was fully subscribed at a 5.49 percent rate, providing a clear signal of market pricing for short‑term liquidity absorption on the reporting date.