Result of the Second Overnight Variable Rate Reverse Repo (VRRR) auction held on October 05, 2026

The Reserve Bank of India conducted a second overnight variable rate reverse repo auction on October 5, 2026. The auction had a notified amount of ₹50,000 crore, but only ₹10,142 crore in offers were received and accepted. The cut-off rate and weighted average rate were both 5.24%.

In unrelated news, gold prices rose on Monday following recent soft economic data from the US, which lowered expectations of a Federal Reserve rate hike in October. According to Business Recorder, spot gold was up 0.4% to $4,158.17 per ounce, while US gold futures for December delivery rose 0.6% to $4,186.40.

The US job growth slowed more than expected in September, and the nonfarm payrolls count for the prior two months was revised sharply lower, data showed on Friday. This led traders to see a 22% probability of a Fed rate hike in October, down from 64% a week ago, while still pricing in an 87% chance of an increase in December, according to the CME FedWatch Tool.

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