Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 07, 2026
Tenor 1-day Notified Amount (in ₹ crore) 5,00,000 Total amount of offers received (in ₹ crore) 3,53,390 Amount accepted (in ₹ crore) 3,53,390 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: 2026-2027/1054
The Reserve Bank of India held an overnight Variable Rate Reverse Repo (VRRR) auction on September 7, 2026. The notified amount was ₹5,00,000 crore, but only ₹3,53,390 crore in offers were received and accepted. The cut-off rate and weighted average rate were both 5.24 percent.
According to Straits Times Business, Takuji Aida, an economic adviser to the Japanese Prime Minister, forecast that the Bank of Japan would raise interest rates in September 2026. Aida predicted further rate hikes, one by January 2027, and then one every six months after that.
The Indian VRRR auction had a 100 percent acceptance rate for offers received at the cut-off rate, with no partial acceptance percentage reported.
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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