Now Reading: RBI gets Rs 1.43 lakh cr bids in overnight VRRR auction
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RBI gets Rs 1.43 lakh cr bids in overnight VRRR auction
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo auction on August 27, 2026, inviting bids for a notified amount of Rs 2,00,000 crore from banks. The auction received total offers of Rs 1,42,622 crore, all of which were accepted at a cut-off rate of 5.24 per cent. The date of reversal is August 28, 2026.
The auction was held under the Liquidity Adjustment Facility following a review of current and evolving liquidity conditions, according to the RBI press release. The weighted average rate matched the cut-off rate at 5.24 per cent. Banks did not bid for the full notified amount, leaving Rs 57,378 crore unsubscribed.
Indian Opinion Analysis
The two RBI press releases are uniform straight reporting of an auction announcement and its result, with no discernible slant from the neutral-report stance. The first release states the notified amount of Rs 2,00,000 crore, while the second reveals bids of only Rs 1,42,622 crore were accepted at a cut-off rate of 5.24 per cent. The gap between the notified amount and accepted amount indicates banks are not under extreme liquidity pressure to lend to the RBI at this rate. The next liquidity management action will be visible in the RBI's subsequent VRRR or repo auction schedule.
Coverage: 2 sources, 2 neutral
Sources (2): rbi.org.in (neutral report), rbi.org.in (2) (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Updated: this story now draws on 2 sources.
