7-Day VRRR Auction Result: ₹2L Cr Accepted at 5.24% Cutoff
Summary
The Reserve Bank of India conducted a 7-day Variable Rate Reverse Repo (VRRR) auction on April 17, 2026. The notified amount was ₹2,00,000 crore, with total offers received of ₹2,28,098 crore. The RBI accepted ₹2,00,031 crore at a cut-off rate of 5.24% and weighted average rate of 5.23%. The partial acceptance percentage at the cut-off rate was 78.43%.
What changed
The RBI announced the result of its 7-day Variable Rate Reverse Repo auction, accepting ₹2,00,031 crore of the ₹2,00,000 crore notified amount. The cut-off rate was set at 5.24% with a weighted average rate of 5.23%, with 78.43% partial acceptance applied to offers at the cut-off rate.
Affected parties, primarily banks and financial institutions participating in RBI's liquidity absorption operations, should note the successful completion of this auction. The results provide market signals about prevailing short-term liquidity conditions and the cost of overnight funds in the Indian banking system.
Archived snapshot
Apr 18, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Press Releases
| () |
| Date : Apr 17, 2026 |
| Result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on April 17, 2026 |
| | Tenor | 7-day |
| Notified Amount (in ₹ crore) | 2,00,000 |
| Total amount of offers received (in ₹ crore) | 2,28,098 |
| Amount accepted (in ₹ crore) | 2,00,031 |
| Cut off Rate (%) | 5.24 |
| Weighted Average Rate (%) | 5.23 |
| Partial Acceptance Percentage of offers received at cut off rate | 78.43 |
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2026-2027/96 | Tenor | 7-day | Notified Amount (in ₹ crore) | 2,00,000 | Total amount of offers received (in ₹ crore) | 2,28,098 | Amount accepted (in ₹ crore) | 2,00,031 | Cut off Rate (%) | 5.24 | Weighted Average Rate (%) | 5.23 | Partial Acceptance Percentage of offers received at cut off rate | 78.43 |
| Tenor | 7-day |
| Notified Amount (in ₹ crore) | 2,00,000 |
| Amount accepted (in ₹ crore) | 2,00,031 |
| Cut off Rate (%) | 5.24 |
| Weighted Average Rate (%) | 5.23 |
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