Variable Rate Repo Auction Results

RBI Press Releases

Published March 30th, 2026

Detected March 31st, 2026

Summary

The Reserve Bank of India conducted a 3-day Variable Rate Repo (VRR) auction on March 30, 2026. The RBI allotted ₹34,581 crore against a notified amount of ₹50,000 crore at a cutoff rate of 5.26% and weighted average rate of 5.30%. All bids received were fully allotted with no partial allotment required.

View original document View source feed page

What changed

The RBI released results of the second 3-day Variable Rate Repo auction conducted on March 30, 2026 (Press Release: 2025-2026/2349). Total bids of ₹34,581 crore were received and fully allotted against the ₹50,000 crore notified amount. The auction cleared at a cutoff rate of 5.26% with a weighted average rate of 5.30%.

This is a routine monetary policy operation announcement with no compliance requirements. Banks and primary dealers who participated in the auction will receive their allotted amounts at the determined rates. No action is required from other regulated entities.

Source document (simplified)

Press Releases

| () | | | | | | | | | | | | | | | |
| Date : Mar 30, 2026 | | | | | | | | | | | | | | | |
| Result of the Second 3-day Variable Rate Repo (VRR) auction held on March 30, 2026 | | | | | | | | | | | | | | | |
| | \| Tenor \| 3-day \|
\| Notified Amount (in ₹ crore) \| 50,000 \|
\| Total amount of bids received (in ₹ crore) \| 34,581 \|
\| Amount allotted (in ₹ crore) \| 34,581 \|
\| Cut off Rate (%) \| 5.26 \|
\| Weighted Average Rate (%) \| 5.30 \|
\| Partial Allotment Percentage of bids received at cut off rate (%) \| NA \|
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2349 | Tenor | 3-day | Notified Amount (in ₹ crore) | 50,000 | Total amount of bids received (in ₹ crore) | 34,581 | Amount allotted (in ₹ crore) | 34,581 | Cut off Rate (%) | 5.26 | Weighted Average Rate (%) | 5.30 | Partial Allotment Percentage of bids received at cut off rate (%) | NA |
| Tenor | 3-day | | | | | | | | | | | | | |
| Notified Amount (in ₹ crore) | 50,000 | | | | | | | | | | | | | |
| Total amount of bids received (in ₹ crore) | 34,581 | | | | | | | | | | | | | |
| Amount allotted (in ₹ crore) | 34,581 | | | | | | | | | | | | | |
| Cut off Rate (%) | 5.26 | | | | | | | | | | | | | |
| Weighted Average Rate (%) | 5.30 | | | | | | | | | | | | | |
| Partial Allotment Percentage of bids received at cut off rate (%) | NA | | | | | | | | | | | | | | | | Tenor | 3-day |
| Notified Amount (in ₹ crore) | 50,000 |
| Total amount of bids received (in ₹ crore) | 34,581 |
| Amount allotted (in ₹ crore) | 34,581 |
| Cut off Rate (%) | 5.26 |
| Weighted Average Rate (%) | 5.30 |
| Partial Allotment Percentage of bids received at cut off rate (%) | NA |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2349 | Tenor | 3-day | Notified Amount (in ₹ crore) | 50,000 | Total amount of bids received (in ₹ crore) | 34,581 | Amount allotted (in ₹ crore) | 34,581 | Cut off Rate (%) | 5.26 | Weighted Average Rate (%) | 5.30 | Partial Allotment Percentage of bids received at cut off rate (%) | NA | |
| Tenor | 3-day | | | | | | | | | | | | | | |
| Notified Amount (in ₹ crore) | 50,000 | | | | | | | | | | | | | | |
| Total amount of bids received (in ₹ crore) | 34,581 | | | | | | | | | | | | | | |
| Amount allotted (in ₹ crore) | 34,581 | | | | | | | | | | | | | | |
| Cut off Rate (%) | 5.26 | | | | | | | | | | | | | | |
| Weighted Average Rate (%) | 5.30 | | | | | | | | | | | | | | |
| Partial Allotment Percentage of bids received at cut off rate (%) | NA | | | | | | | | | | | | | | |