The Reserve Bank of India conducted a 4-day Variable Rate Repo (VRR) auction on November 9, 2026, allotting ₹50,003 crore at a weighted average rate of 5.54%. The cut-off rate was set at 5.51%, with partial allotment of 15.18% for bids at the cut-off.
The Reserve Bank of India conducted a 4-day Variable Rate Repo (VRR) auction on November 9, 2026, under the Liquidity Adjustment Facility (LAF), allotting ₹50,003 crore out of a notified amount of ₹50,000 crore. The weighted average rate stood at 5.54%, while the cut-off rate was fixed at 5.51%.
Auction Participation and Outcomes
Total bids received amounted to ₹62,872 crore, indicating strong market participation. Bids at the cut-off rate were partially allotted at 15.18%, reflecting tight demand relative to supply. The reverse repo settlement date is set for November 13, 2026.
The auction was conducted to manage liquidity conditions amid evolving monetary requirements in the near term.
This VRR operation reflects the RBI’s calibrated approach to liquidity management, ensuring systemic stability while responding to short-term cash flow pressures in the banking system.
