RBI Conducts Overnight Variable Rate Repo Auction: ₹14,625 Crore Allotted at 5.26%
RBI announces results of the January 5, 2026, overnight VRR auction. ₹14,625 crore fully allotted at 5.26% cut-off rate. Key update on liquidity management.
New Delhi, January 5, 2026 – The Reserve Bank of India (RBI) today announced the results of the Overnight Variable Rate Repo (VRR) auction conducted on January 5, 2026. The auction had a notified amount of ₹50,000 crore, but bids worth ₹14,625 crore were received and fully allotted.
The cut-off rate for the auction was set at 5.26%, which was also the weighted average rate. This one-day repo operation aims to manage short-term liquidity in the banking system and ensure smooth functioning of money markets.
The VRR auction is part of RBI’s regular liquidity management operations, helping commercial banks meet their short-term funding requirements while maintaining overall financial stability.
Ajit Prasad, Deputy General Manager (Communications), released the official press note, confirming that the auction was successfully executed with the entire bid amount allotted.
For further details, RBI’s official communication can be accessed on its website.
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