6 Oct VRRR: banks park ₹1.92 lakh crore at 5.24%
Banks offered ₹1,92,357 crore against ₹2,50,000 crore sought. All was accepted at 5.24%.
Official title: Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on October 06, 2026 · Press Release 2026-2027/1258
What happened
RBI held the 1-day VRRR auction on 6 October 2026. It had offered to borrow ₹2,50,000 crore. Banks offered ₹1,92,357 crore, RBI accepted ₹1,92,357 crore, and the cut-off rate and weighted average rate were both 5.24%.
About 77% of the amount was taken. Large sums of spare cash were still being parked with RBI.
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.