The RBI successfully conducted a 2-day Variable Rate Repo auction with a notified amount of ₹75,000 crore. The total amount of bids received was ₹7,200 crore with a cut-off rate and weighted average rate set at 5.26%.
Result of 2-day Variable Rate Repo auction held on July 22, 2026
The Reserve Bank of India (RBI) conducted a 2-day Variable Rate Repo auction on July 22, 2026, with a notified amount of ₹75,000 crore. The auction received total bids amounting to ₹7,200 crore, which were fully allotted at a cut-off rate of 5.26%.
In this auction, the weighted average rate was similarly fixed at 5.26%, indicating a consistent borrowing cost for the banks participating in the auction. The RBI's provision of such a robust facility is aimed at managing liquidity in the economy effectively, especially given the current monetary conditions.
For practitioners and financial institutions, this result reflects the central bank's strategy to maintain liquidity while providing a transparent mechanism for short-term borrowing. The stable cut-off rate may influence the interest rates applicable for various financial services and loans offered to consumers and businesses alike.