Overnight VRRR auction draws ₹71,580 crore against a notified ₹1,50,000 crore at a 5.49 per cent cut-off
14 October 2026
The Reserve Bank of India held an Overnight Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility on 13 October 2026.
The notified amount was ₹1,50,000 crore for a tenor of one day.
Offers received totalled ₹71,580 crore and the entire amount offered was accepted.
The cut-off rate was 5.49 per cent and the weighted average rate was also 5.49 per cent.
Banks therefore parked less than half the notified amount with the central bank.
In plain words
VRRR Variable Rate Reverse Repo — An auction in which banks park surplus funds with the central bank at a rate decided by bidding.
LAF Liquidity Adjustment Facility — The window through which banks borrow from or park funds with the Reserve Bank on a day-to-day basis.