4-day VRRR on 1 Oct: ₹1.68 lakh crore taken at 5.24%
Banks offered ₹1,68,055 crore of the ₹2,00,000 crore sought for four days. All was accepted at 5.24%.
Official title: Result of the 4-day Variable Rate Reverse Repo (VRRR) auction held on October 01, 2026 · Press Release 2026-2027/1228
What happened
RBI held the 4-day VRRR auction on 1 October 2026. It had offered to borrow ₹2,00,000 crore. Banks offered ₹1,68,055 crore, RBI accepted ₹1,68,055 crore, and the cut-off rate and weighted average rate were both 5.24%.
About 84% of the amount was taken, a stronger response than the overnight rounds. Banks were willing to lock cash away over the holiday weekend at 5.24%.
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.