Document title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 03, 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1027
Date: September 03, 2026
Policy rates and liquidity
The RBI conducted an overnight variable rate reverse repo (VRRR) auction on September 3, 2026. The notified amount for the auction was ₹6,00,000 crore. Total offers received amounted to ₹5,18,742 crore, which were fully accepted. Both the cut‑off rate and the weighted average rate were set at 5.24 percent. No partial acceptance of offers was required as all bids were accepted at the cut‑off rate.
Regulatory and policy measures
The results were communicated through Press Release 2026‑2027/1027, issued by Deputy General Manager Ajit Prasad of the RBI’s Communications Division. The announcement reflects the RBI’s ongoing liquidity management operations through the VRRR mechanism.
The RBI’s VRRR auction outcome indicates the prevailing short‑term liquidity conditions and the policy rate at which banks can place funds with the central bank, supporting the monetary policy stance.