On June 23, 2026, the RBI conducted a Variable Rate Repo auction for a notified amount of ₹2,00,000 crores, with bids totaling ₹1,41,171 crores allotted at a cut-off and weighted average rate of 5.26%. This auction underlines the current liquidity conditions in the market.
7-Day Variable Rate Repo Auction Results
On June 23, 2026, the Reserve Bank of India (RBI) conducted a Variable Rate Repo (VRR) auction. The Notified Amount was set at ₹2,00,000 crores, with a total of ₹1,41,171 crores received in bids.
All received bids were fully allotted at a cut-off rate of 5.26%, reflecting both the cut-off and the weighted average rates for the auction. This auction was conducted from 09:30 AM to 10:00 AM, signaling the RBI's response to the prevailing liquidity conditions.
The RBI periodically conducts such auctions to manage liquidity and to ensure smooth functioning of the banking system. In this instance, the full allotment demonstrates a robust demand among financial institutions for short-term liquidity.
For banking and financial professionals, the outcome of this auction may have implications for liquidity management strategies and interest rate forecasting going forward.
Citations
- Reserve Bank of India Auction Results (2026)
