Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 15, 2026

The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on September 15, 2026. The notified amount for the 1-day tenor was ₹5,00,000 crore. A total of ₹3,93,352 crore in offers were received, of which the same amount was accepted. The cut-off rate and weighted average rate were both 5.24%.

In other news, gold prices declined due to expectations of a US Federal Reserve interest rate hike. According to The Business Times, gold was trading around US$4,290 an ounce after falling over 1% in the previous session to a five-week low. This drop was attributed to prospects of higher energy prices stoking inflation, which has increased pressure on the Fed to raise interest rates.

Higher borrowing costs are typically negative for gold, which does not pay interest. Oil prices rose after Saudi Arabia closed its East-West pipeline due to attacks, putting millions of barrels a day at risk. The 10-year Treasury yield briefly touched 5% for the first time in nearly three years on concerns over inflation and swelling government and corporate borrowing needs.

Brief written by urgent.news from Reserve Bank of India, The Business Times - Companies & Markets — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.