The RBI announced the results of the 3-day Variable Rate Repo auction held on July 10, 2026. A total of ₹53,233 crore was received in bids, with ₹50,015 crore allotted at a cut-off rate of 5.26%.
Results of the 3-day Variable Rate Repo Auction Released
On July 10, 2026, the Reserve Bank of India (RBI) conducted a Variable Rate Repo (VRR) auction for a tenor of three days. The notified amount for this auction was set at ₹50,000 crore.
According to the auction results, the total amount of bids received was ₹53,233 crore, indicating strong demand from participants. The RBI allotted ₹50,015 crore of the total bids, and the auction concluded with a cut-off rate of 5.26% which also represented the weighted average rate of the auction.
It is notable that the partial allotment percentage of bids received at the cut-off rate stood at 92.71%, reflecting robust market participation and liquidity conditions. This auction is part of the RBI's liquidity management framework aimed at stabilizing the economy.
For practitioners, these results signal the prevailing liquidity conditions and market sentiments, which are crucial for financial planning and operations. Legal professionals involved in financial and banking sectors should monitor such auctions closely as they influence regulatory compliance and market strategy.
Citations
- Reserve Bank of India Press Release (2026) No. 63119