Reserve Bank allots Rs 1,00,014 crore in its seven-day variable rate repo auction
21 October 2026
The Reserve Bank of India published the result of the seven-day Variable Rate Repo auction held on October 19, 2026.
The notified amount was Rs 1,00,000 crore.
Bids worth Rs 1,50,735 crore were received.
The amount allotted was Rs 1,00,014 crore.
The cut-off rate was 5.51 per cent and the weighted average rate was 5.52 per cent.
Variable rate repo auctions are conducted under the Liquidity Adjustment Facility to inject funds into the banking system.
Notified amount:
Rs 1,00,000 crore
Amount allotted:
Rs 1,00,014 crore
Cut-off rate:
5.51 per cent
Why it matters for exams: Liquidity Adjustment Facility tools such as variable rate repo auctions are standard banking awareness questions.
Kerala PSCUPSC
In plain words
LAF Liquidity Adjustment Facility — The Reserve Bank window through which banks borrow from or lend to the central bank against securities.