Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on August 17, 2026
Tenor 1-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 96,914 Amount accepted (in ₹ crore) 96,914 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate N.A. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/907
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on August 18, 2026. The notified amount for the 1-day tenor was ₹1,50,000 crore, but only ₹82,788 crore in offers were received and accepted. The cut-off rate and weighted average rate were both 5.24%.
In other news, gold prices in India increased on August 18, 2026. According to The Indian Express, 24 carat gold stood at ₹15,589 per gram, 22 carat gold at ₹14,290 per gram, and 18 carat gold at ₹11,692 per gram. These prices reflect an increase of ₹23, ₹20, and ₹16 respectively over the previous day's prices.
Gold prices varied across cities, with Chennai, Mumbai, Kolkata, Bangalore, Hyderabad, Pune, and Vadodara reporting prices for 24 carat gold ranging from ₹15,589 to ₹15,594 per gram. Similarly, prices for 22 carat and 18 carat gold were also reported for these cities.
Brief written by urgent.news from Reserve Bank of India, The Indian Express — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
