RBI VRRR Auction Secures ₹95,970 Cr @5.24%

Document title: Result of the 3‑day Variable Rate Reverse Repo (VRRR) auction held on August 21, 2026

Issuing authority: Reserve Bank of India (RBI)

Reference number: Press Release: 2026-2027/937

Date: 21 August 2026

Policy rates and liquidity

The RBI conducted a three‑day Variable Rate Reverse Repo (VRRR) auction on 21 August 2026. The notified amount for the operation was ₹1,50,000 crore. Total offers received amounted to ₹95,970 crore, which were fully accepted. Both the cut‑off rate and the weighted‑average rate were 5.24 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 excess liquidity from the banking system through reverse repo operations.

The results indicate robust participation from banks, with the accepted amount representing a substantial portion of the notified volume, and the rates remaining unchanged at 5.24 percent.