29 Sep second VRRR: only ₹33,770 crore taken at 5.24%
In the second round banks offered just ₹33,770 crore of the ₹1,00,000 crore on offer. All was accepted at 5.24%.
Official title: Result of the Second Overnight Variable Rate Reverse Repo (VRRR) auction held on September 29, 2026 · Press Release 2026-2027/1208
What happened
RBI held the second 1-day VRRR auction on 29 September 2026. It had offered to borrow ₹1,00,000 crore. Banks offered ₹33,770 crore, RBI accepted ₹33,770 crore, and the cut-off rate and weighted average rate were both 5.24%.
Only about a third of the amount was taken. Most of the spare cash had probably gone to RBI in the morning round, so little was left.
What it means for you
No direct effect on your deposits, loans or EMIs. It is an operation between RBI and banks.
What it means for businesses
This shows banks and treasuries what return they can get for parking cash with RBI. For businesses and borrowers there is no direct change.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.