5 Oct second VRRR: only ₹10,142 crore taken at 5.24%
Banks offered ₹10,142 crore against ₹50,000 crore sought in the second round. All was accepted at 5.24%.
Official title: Result of the Second Overnight Variable Rate Reverse Repo (VRRR) auction held on October 05, 2026 · Press Release 2026-2027/1248
What happened
RBI held the second 1-day VRRR auction on 5 October 2026. It had offered to borrow ₹50,000 crore. Banks offered ₹10,142 crore, RBI accepted ₹10,142 crore, and the cut-off rate and weighted average rate were both 5.24%.
Only about a fifth of the amount was taken, which suggests the morning round had already absorbed most of the spare cash.
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.