The RBI announced the results of the Overnight Variable Rate Reverse Repo (VRRR) auction conducted on August 18, 2026, with total bids accepted amounting to ₹82,788 crore at a cutoff rate of 5.24%.
Results of the Overnight VRRR Auction Held on August 18, 2026
The Reserve Bank of India has published the results of the Overnight Variable Rate Reverse Repo (VRRR) auction held on August 18, 2026. The total notified amount for the auction was ₹1,50,000 crore, with total offers received amounting to ₹82,788 crore.
All of the bids were accepted, thus confirming that ₹82,788 crore was accepted at a cutoff rate of 5.24%, matching the weighted average rate. This auction serves as a critical tool for the RBI to manage liquidity and stabilize interest rates within the economy.
For legal and financial professionals, understanding the outcome of such auctions is vital, as they have significant ramifications on liquidity management strategies, funding rates, and overall market dynamics. The fixation of the average rate can provide insights into the current economic climate and the banking sector's liquidity positioning.