RBI allots Rs 50,007 crore in overnight variable rate repo auction
RBI allotted Rs 50,007 crore in its overnight variable rate repo auction on October 21, 2026, drawing bids totaling Rs 93,241 crore.
Growth Brief DeskPublished 1 min read
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Key facts
- RBI allotted Rs 50,007 crore in the overnight variable rate repo auction.
- The notified amount for the 1-day tenor auction was Rs 50,000 crore.
- Total bids received reached Rs 93,241 crore during the auction.
- The cut off rate and weighted average rate both stood at 5.52 percent.
The Reserve Bank of India announced the results of the overnight variable rate repo auction held on October 21, 2026. The central bank allotted Rs 50,007 crore against a notified amount of Rs 50,000 crore.
Total bids received for the 1-day tenor auction amounted to Rs 93,241 crore. Both the cut-off rate and the weighted average rate for the auction stood at 5.52 percent.
The partial allotment percentage for bids received at the cut-off rate was recorded at 87.99 percent, according to the release issued by Deputy General Manager Ajit Prasad.
Why it matters
This overnight variable rate repo auction helps the Reserve Bank of India manage short-term liquidity in the banking system. For commercial banks and financial institutions, the auction results provide a clear signal on short-term borrowing costs and system liquidity. These liquidity operations directly influence how lenders manage their daily cash requirements, affecting short-term interest rates across the financial sector and guiding monetary policy implementation.
- Economy
- RBI
Sources
Source: Reserve Bank of India