The Reserve Bank of India conducted a 4-day Variable Rate Reverse Repo (VRRR) auction on October 1, 2026, with a notified amount of ₹2,00,000 crore. The auction was fully subscribed, with ₹1,68,055 crore accepted at a uniform cut-off rate of 5.24%.
RBI VRRR Auction Fully Subscribed at 5.24%
The Reserve Bank of India (RBI) conducted a 4-day Variable Rate Reverse Repo (VRRR) auction on October 1, 2026, under the Liquidity Adjustment Facility (LAF), with a notified amount of ₹2,00,000 crore. The auction window remained open from 9:30 AM to 10:00 AM, and the reversal of the facility is scheduled for October 5, 2026.
Total bids received amounted to ₹1,68,055 crore, all of which were accepted at a uniform cut-off rate of 5.24%. The weighted average rate stood at 5.24%, indicating a single-rate auction with no partial acceptance. This reflects strong participation from liquidity providers amid current monetary conditions.
The operation signals the RBI's calibrated approach to managing short-term liquidity in the system. With the overnight VRRR rates hovering around 5.15–5.25%, the 4-day tenure attracted steady demand, suggesting stable systemic liquidity. The successful auction reaffirms market confidence in the RBI's liquidity management framework.
