Reserve Bank of India allocated ₹34,291 crore in the 3-day VRR auction
Under short-term liquidity management in the banking system, the Reserve Bank of India announced the results of the 3-day Variable Rate Repo (VRR) auction held on July 21, 2026. Against the notified amount of ₹75,000 crore, banks submitted bids worth ₹34,291 crore, and the entire eligible amount was allotted.
Highlights
- The Reserve Bank of India allotted an amount equal to the bids received of ₹34,291 crore in the 3-day VRR auction.
- Both the cut-off rate and the weighted average rate were 5.26%, while demand was lower compared to the notified amount of ₹75,000 crore.
- The auction result indicates that the market's immediate short-term funding demand was much lower than the liquidity provided by the RBI.
This article was translated from the original. Read the original version by our correspondent here.
Auction Results and Rates
According to the press release from the Reserve Bank of India, the allocation in this 3-day VRR auction matched the total bids received of ₹34,291 crore. The cut-off rate stood at 5.26%, and the weighted average rate was also recorded at 5.26%.Since demand was lower than the notified ₹75,000 crore, there was no need for partial allocation at the cut-off rate. The available details show the partial allocation percentage at the cut-off rate as NA.
Liquidity Management Signals
This result indicates that the short-term funding demand from participating institutions was significantly below the notified amount. It suggests that the market's immediate borrowing needs were limited compared to RBI's liquidity window for this period.VRR auctions are part of RBI's short-term liquidity management framework, through which funds are provided to the banking system for a specified period. For additional information related to this auction, Deputy General Manager Ajit Prasad from the Department of Communication has been listed as the contact.
Our previous report discussed a 5% growth in India's core industries in June and the implementation of the revised Index of Core Industries series with 2022-23 as the base year. That article also highlighted the inclusion of iron ore in the new index, acceleration in activities like power and cement, and continued pressure in some energy-related sectors.
Latest Reserve Bank of India News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
