The RBI has concluded the VRR auction on July 17, 2026, with a total allocation of ₹75,003 crore against bids of ₹1,09,823 crore. The cut-off and weighted average rates were both set at 5.26%.
Results of VRR Auction on July 17, 2026
The Reserve Bank of India has successfully conducted the Variable Rate Repo (VRR) auction on July 17, 2026, resulting in the allotment of ₹75,003 crore. The auction garnered a total of ₹1,09,823 crore in bids, reflecting significant demand from the banking sector.
The cut-off and weighted average rates for this auction stood at 5.26%. Notably, only 63% of the bids received at the cut-off rate were allotted, showcasing the competitive nature of this liquidity management tool.
These results are pivotal for financial institutions as they indicate current liquidity trends within the banking sector. Practitioners should monitor the implications of these rates on the cost of funds and strategic liquidity management for their clients.
Citations
- RBI Press Release No. 63170 (2026)