The RBI conducted a Variable Rate Repo auction, allotting ₹36,300 crore at a cut-off rate of 5.26%. This reflects current liquidity conditions.
Overnight Variable Rate Repo Auction Results
On June 22, 2026, the Reserve Bank of India (RBI) held an Overnight Variable Rate Repo (VRR) auction with a notified amount of ₹1,25,000 crore. The total bids received amounted to ₹36,300 crore, and the full amount was allotted at a cut-off rate of 5.26%.
The weighted average rate for the auction also stood at 5.26%. Notably, no partial allotment percentage was reported at the cut-off rate, indicating strong demand for liquidity at the offered rates.
This auction is vital for financial institutions to manage liquidity, especially in the context of evolving market conditions. The consistency in the cut-off and weighted average rates points to stability in this segment of money markets.
Practitioners should monitor such liquidity auctions closely as they have direct implications for short-term funding strategies and overall interest rate trends in the economy.
Citations
- Reserve Bank of India (2026) Press Release 62985
