RBI Variable Rate Repo Auction Results

RBI Press Releases

Published March 20th, 2026

Detected March 21st, 2026

Summary

The Reserve Bank of India (RBI) announced the results of its 3-day Variable Rate Repo (VRR) auction held on March 20, 2026. The auction had a notified amount of ₹75,000 crore, with ₹25,101 crore ultimately allotted.

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What changed

The Reserve Bank of India (RBI) has published the results of a 3-day Variable Rate Repo (VRR) auction conducted on March 20, 2026. The auction was notified for ₹75,000 crore, but only ₹25,101 crore in bids were received and subsequently allotted. The cut-off rate and weighted average rate for the auction were both 5.26%.

This notice serves as an informational update for financial institutions regarding the RBI's liquidity management operations. No specific actions are required from regulated entities based on this press release, as it reports on a completed auction. Compliance officers should note the details of the liquidity injection and the rates achieved for their internal records and potential analysis of market liquidity conditions.

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Press Releases

| () | | | | | | | | | | | | | | | |
| Date : Mar 20, 2026 | | | | | | | | | | | | | | | |
| Result of the 3-day Variable Rate Repo (VRR) auction held on March 20, 2026 | | | | | | | | | | | | | | | |
| | \| Tenor \| 3-day \|
\| Notified Amount (in ₹ crore) \| 75,000 \|
\| Total amount of bids received (in ₹ crore) \| 25,101 \|
\| Amount allotted (in ₹ crore) \| 25,101 \|
\| Cut off Rate (%) \| 5.26 \|
\| Weighted Average Rate (%) \| 5.26 \|
\| Partial Allotment Percentage of bids received at cut off rate (%) \| NA \|
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2290 | Tenor | 3-day | Notified Amount (in ₹ crore) | 75,000 | Total amount of bids received (in ₹ crore) | 25,101 | Amount allotted (in ₹ crore) | 25,101 | Cut off Rate (%) | 5.26 | Weighted Average Rate (%) | 5.26 | Partial Allotment Percentage of bids received at cut off rate (%) | NA |
| Tenor | 3-day | | | | | | | | | | | | | |
| Notified Amount (in ₹ crore) | 75,000 | | | | | | | | | | | | | |
| Total amount of bids received (in ₹ crore) | 25,101 | | | | | | | | | | | | | |
| Amount allotted (in ₹ crore) | 25,101 | | | | | | | | | | | | | |
| Cut off Rate (%) | 5.26 | | | | | | | | | | | | | |
| Weighted Average Rate (%) | 5.26 | | | | | | | | | | | | | |
| Partial Allotment Percentage of bids received at cut off rate (%) | NA | | | | | | | | | | | | | | | | Tenor | 3-day |
| Notified Amount (in ₹ crore) | 75,000 |
| Total amount of bids received (in ₹ crore) | 25,101 |
| Amount allotted (in ₹ crore) | 25,101 |
| Cut off Rate (%) | 5.26 |
| Weighted Average Rate (%) | 5.26 |
| Partial Allotment Percentage of bids received at cut off rate (%) | NA |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2290 | Tenor | 3-day | Notified Amount (in ₹ crore) | 75,000 | Total amount of bids received (in ₹ crore) | 25,101 | Amount allotted (in ₹ crore) | 25,101 | Cut off Rate (%) | 5.26 | Weighted Average Rate (%) | 5.26 | Partial Allotment Percentage of bids received at cut off rate (%) | NA | |
| Tenor | 3-day | | | | | | | | | | | | | | |
| Notified Amount (in ₹ crore) | 75,000 | | | | | | | | | | | | | | |
| Total amount of bids received (in ₹ crore) | 25,101 | | | | | | | | | | | | | | |
| Amount allotted (in ₹ crore) | 25,101 | | | | | | | | | | | | | | |
| Cut off Rate (%) | 5.26 | | | | | | | | | | | | | | |
| Weighted Average Rate (%) | 5.26 | | | | | | | | | | | | | | |
| Partial Allotment Percentage of bids received at cut off rate (%) | NA | | | | | | | | | | | | | | |