The RBI conducted a Variable Rate Repo (VRR) auction with a notified amount of ₹75,000 crore. The total bids received and allotted were ₹69,413 crore, with a cut-off rate of 5.26%.
Result of Overnight Variable Rate Repo Auction
On June 30, 2026, the Reserve Bank of India (RBI) conducted an Overnight Variable Rate Repo (VRR) auction, placing a notified amount of ₹75,000 crore. The auction saw total bids received amounting to ₹69,413 crore, all of which were successfully allotted.
The cut-off rate for this auction was set at 5.26%, which also aligned with the weighted average rate of the bids. Notably, there was no partial allotment percentage for bids received at the cut-off rate.
This auction is significant as it reflects the RBI's ongoing management of liquidity conditions within the banking sector. The successful allotment indicates stable demand for liquidity among banks, especially amidst evolving market conditions.
Practitioners should note these developments as they may influence cash flow strategies and liquidity management for financial institutions. Understanding the implications of such auction results will be crucial for banking operations and compliance.
Citations
- RBI Auction Announcement (2026) RBI Press Release
