Result of the 30-day Variable Rate Reverse Repo (VRRR) auction held on September 07, 2026
Tenor 30-day Notified Amount (in ₹ crore) 7,00,000 Total amount of offers received (in ₹ crore) 2,59,276 Amount accepted (in ₹ crore) 2,59,276 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: 2026-2027/1052
The Reserve Bank of India held a 30-day Variable Rate Reverse Repo (VRRR) auction on September 7, 2026. The notified amount for the auction was ₹7,00,000 crore, but the total amount of offers received was ₹2,59,276 crore, which was fully accepted. The cut-off rate and weighted average rate for the auction were both 5.24%.
According to Straits Times Business, Takuji Aida, an economic adviser to the Japanese Prime Minister, predicted that the Bank of Japan would raise interest rates in September 2026 and continue to hike them at a pace of once every quarter until January 2027. Aida forecast another rate increase by January 2027, followed by hikes of around once every six months.
The Reserve Bank of India's Deputy General Manager (Communications), Ajit Prasad, released a statement regarding the VRRR auction results. No further details were provided about the auction or the Bank of Japan's potential rate hikes beyond what was mentioned in the reports.
Brief written by urgent.news from Reserve Bank of India, Straits Times Business — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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