RBI Overnight VRRR Auction Result 2026
The Reserve Bank of India has officially released the outcome of the Overnight Variable Rate Reverse Repo (VRRR) auction conducted on September 28, 2026. This announcement details the liquidity management operation, including the notified amounts, total offers received, and the corresponding cut-off rates for the participating financial institutions.
Overview of the VRRR Auction
The central bank routinely utilizes the Variable Rate Reverse Repo auction mechanism to manage liquidity conditions within the Indian banking system. For the auction held on September 28, 2026, the Reserve Bank of India invited offers for a 1-day tenor. Market participants engaged with the central bank according to the notified parameters, reflecting prevailing monetary management strategies.
Key Auction Details Table
| Parameter | Auction Specification |
|---|---|
| Organization | Reserve Bank of India (RBI) |
| Auction Type | Overnight Variable Rate Reverse Repo (VRRR) |
| Tenor | 1-day |
| Notified Amount | ₹2,00,000 crore |
| Total Offers Received | ₹1,11,711 crore |
| Amount Accepted | ₹1,11,711 crore |
| Cut-off Rate | 5.24% |
| Weighted Average Rate | 5.24% |
| Partial Acceptance Percentage | NA |
| Press Release Number | 2026-2027/1198 |
Important Dates Table
| Event Description | Date |
|---|---|
| Auction Date | September 28, 2026 |
| Press Release Publication | September 28, 2026 |
Analysis of the Auction Results
During this specific 1-day tenor auction, the Reserve Bank of India notified an aggregate amount of ₹2,00,000 crore. In response to the notification, the total amount of offers received from market participants stood at ₹1,11,711 crore. Demonstrating complete acceptance of the submitted bids, the central bank accepted the entire ₹1,11,711 crore offered.
Both the cut-off rate and the weighted average rate for the accepted bids were recorded at 5.24 percent. Since all valid offers at the cut-off rate were fully accommodated, the partial acceptance percentage was listed as not applicable (NA). Stakeholders, financial analysts, and banking professionals monitor these periodic announcements to gauge short-term interest rate trends and liquidity absorption by the monetary authority.
Official Resources and Next Steps
Readers and financial institutions seeking further updates regarding monetary policy operations and subsequent auction results can visit the official website of the Reserve Bank of India at https://www.rbi.org.in. The portal provides comprehensive archives of all press releases, notifications, and regulatory updates issued by the Department of Communications.
Frequently Asked Questions
When was the Overnight VRRR auction held?
The Overnight Variable Rate Reverse Repo auction was held on September 28, 2026.
What was the notified amount for the auction?
The notified amount for the 1-day tenor auction was ₹2,00,000 crore.
What was the total amount of offers received and accepted?
The total amount of offers received was ₹1,11,711 crore, and the entire amount of ₹1,11,711 crore was accepted by the Reserve Bank of India.
What was the cut-off rate for the VRRR auction?
The cut-off rate for the auction was 5.24 percent.
What was the weighted average rate recorded?
The weighted average rate for the accepted offers was 5.24 percent.
Official Links
Details are compiled from official notices. Always confirm eligibility, dates and fees on the official website before applying.