The Reserve Bank of India (RBI) conducted an Overnight Variable Rate Repo auction with ₹50,000 crore notified amount. Total bids received were ₹1,135 crore, allotted at a cut-off rate of 5.26%.
Result of Overnight Variable Rate Repo Auction
On July 07, 2026, the Reserve Bank of India (RBI) carried out an Overnight Variable Rate Repo (VRR) auction with a notified amount of ₹50,000 crore. The total amount of bids received was ₹1,135 crore, all of which were allotted at a cut-off rate and a weighted average rate of 5.26%.
The VRR auction aims to manage liquidity in the financial system effectively. The cut-off and weighted average rates indicate the prevailing market conditions, reflecting current liquidity requirements among banks and financial institutions.
For legal practitioners, it's essential to note the implications of such liquidity measures on banking regulations and monetary policies, as it directly affects the operational capabilities of financial institutions.
Citations
- Reserve Bank of India Press Release (2026)