Result of the second Overnight Variable Rate Reverse Repo (VRRR) auction held on August 18, 2026
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 36,595 Amount accepted (in ₹ crore) 36,595 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: 2026-2027/916
The Reserve Bank of India held a second Overnight Variable Rate Reverse Repo (VRRR) auction on August 18, 2026. The auction had a notified amount of ₹75,000 crore, but only ₹36,595 crore in offers were received and accepted. The cut-off rate and weighted average rate were both 5.24%.
In a separate development, gold prices in India increased on August 18, 2026. According to The Indian Express, the price of 24K gold stood at ₹15,589 per gram, up ₹23 from the previous day. Prices for 22K and 18K gold also rose, to ₹14,290 per gram and ₹11,692 per gram, respectively.
Gold prices varied slightly across cities, with Chennai, Mumbai, Kolkata, Bangalore, Hyderabad, Pune, and Vadodara reporting prices of ₹15,589 for 24K gold, while Delhi, Ahmedabad reported slightly higher prices of ₹15,604 and ₹15,594 respectively.
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.
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- Gold Rate Today, August 18: Check 18, 22 and 24 carat gold prices in Chennai, Mumbai, Delhi, Kolkata and other cities indianexpress.com
- Gold Rate Today, Aug 18: Gold prices up in Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad thehindubusinessline.com
- RBI to conduct Second Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on August 18, 2026 rbi.org.in
