Changeflow GovPing Banking & Finance 7-Day VRRR Auction Result: ₹2L Cr Accepted at 5...
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7-Day VRRR Auction Result: ₹2L Cr Accepted at 5.24% Cutoff

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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%.

Published by RBI on rbi.org.in . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

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, 2026

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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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Last updated

Classification

Agency
RBI
Published
April 17th, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
Press Release: 2026-2027/96

Who this affects

Applies to
Banks Financial advisers
Industry sector
5221 Commercial Banking
Activity scope
Monetary policy operations Liquidity management Short-term lending
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Financial Services Securities

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