Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 29, 2026
Tenor 1-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 1,19,048 Amount accepted (in ₹ crore) 1,19,048 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1206
The Reserve Bank of India held an overnight Variable Rate Reverse Repo (VRRR) auction on September 29, 2026. The notified amount was ₹2,00,000 crore, with total offers received and accepted amounting to ₹1,19,048 crore. The cut-off and weighted average rates were both 5.24%.
The Reserve Bank of Australia is set to announce its policy decision on Tuesday. According to FXStreet, a rate hike of 25 basis points is expected, taking the Official Cash Rate to 4.60% from 4.35%. This comes as Australia's inflation remains elevated, with July's monthly Consumer Price Index jumping 1.0% and annual inflation at 3.5%.
The Australian economy grew 0.4% in Q2, with annual GDP growth at 2.1%, but is showing signs of losing momentum. The Reserve Bank of Australia also highlighted risks from higher energy prices, the Middle East conflict, strong investment, and persistent domestic cost pressures.
Brief written by urgent.news from Reserve Bank of India, FXStreet — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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