RBI Conducts Overnight VRRR Auction for November 3, 2026
The Reserve Bank of India (RBI) concluded its overnight Variable Rate Reverse Repo (VRRR) auction on November 3, 2026. The central bank had notified an amount of ₹50,000 crore for the 1-day tenor operation.
Market participants submitted total offers amounting to ₹23,905 crore. The RBI accepted the entirety of these bids, resulting in a total accepted amount of ₹23,905 crore. Both the cut-off rate and the weighted average rate for the auction were set at 5.49%. There was no partial acceptance percentage recorded for offers received at the cut-off rate.
This auction, detailed in the press release 2026-2027/1427 issued by Deputy General Manager (Communications) Ajit Prasad, reflects the central bank's ongoing liquidity management operations within the banking system.
Why it matters
For finance professionals, these VRRR auction results provide critical insight into current banking system liquidity levels and the central bank's stance on short-term interest rates.
FAQ
What was the total amount accepted in the November 3, 2026, VRRR auction?
The RBI accepted a total of ₹23,905 crore.
What was the cut-off rate for the overnight VRRR auction?
The cut-off rate was 5.49%.
How much was the notified amount for the auction?
The notified amount was ₹50,000 crore.
Source: RBI Press Releases. See the original source for full details.
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