On October 14, 2026, the Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction, accepting ₹25,533 crore out of a notified amount of ₹50,000 crore at a uniform cut-off rate of 5.49%.
RBI conducts VRRR auction, absorbs ₹25,533 crore at 5.49%
The Reserve Bank of India (RBI) conducted an overnight Variable Rate Reverse Repo (VRRR) auction on October 14, 2026, as part of its liquidity management under the Liquidity Adjustment Facility (LAF). The auction had a notified amount of ₹50,000 crore for a tenor of one day. The total value of bids received stood at ₹25,533 crore, which was fully accepted by the RBI.
The cut-off rate for the auction was 5.49%, with the weighted average rate also recorded at 5.49%. There was no partial acceptance of bids, as all submitted bids were accepted at the cut-off rate. The operation reflects a relatively lower demand for surplus absorption, indicating manageable system liquidity levels on the day.
This follows a larger VRRR auction on October 13, 2026, where the RBI absorbed ₹71,580 crore out of a notified ₹1,50,000 crore, also at 5.49%. The consistent rate suggests stability in the short-term interest rate corridor. Such operations remain key tools for the RBI in managing overnight liquidity conditions and anchoring monetary policy signals in the money market.