RBI VRRR Auction Sep 24: 5.24% Rate

Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 24, 2026

Issuing authority: Reserve Bank of India

Reference number: Press Release: 2026-2027/1176

Date: September 24, 2026

Policy Rates and Liquidity

The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 24 September 2026. The notified amount for the auction was ₹125,000 crore. Total offers received amounted to ₹101,399 crore, and the entire ₹101,399 crore was accepted. Both the cut‑off rate and the weighted average rate were 5.24 %. No partial acceptance of offers was reported, as all bids were accepted at the cut‑off rate.

The operation indicates the RBI’s active management of overnight liquidity, with the VRRR facility fully subscribed at a rate of 5.24 %.