What changed
RBI released the result of the Overnight VRR auction held on June 30, 2026. Notified amount: ₹75,000 crore; total bids received: ₹69,413 crore; amount allotted: ₹69,413 crore; cut-off rate: 5.26%; weighted average rate: 5.26%; partial allotment percentage: NA.
What it means for you
This auction helps manage day-to-day liquidity. The cut-off rate of 5.26% indicates the rate at which banks borrowed overnight funds from RBI, influencing short-term money market rates.
What you must do
- Check the published auction result for the cut-off rate and amount allotted.
- Align your treasury's short-term funding strategy with the VRR outcome.
- Monitor liquidity conditions for any follow-up operations.
Who it affects
All scheduled commercial banks, Primary dealers, Treasury desks
What is an Overnight VRR auction?
It is a tool RBI uses to inject or absorb overnight liquidity from banks at a variable rate determined through auction.
Where can I find the full auction details?
The full result is available on RBI's press release page under the June 30, 2026 release.