Result of the Second 3-day Variable Rate Repo (VRR) auction held on July 17, 2026
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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
Summary
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 816 Amount allotted (in ₹ crore) 816 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/694
Key Facts
TypeRelease
SourceReserve Bank of India
PublishedFriday, 17 July 2026
Affected Population~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
20 million central + state government employees
Key Authorities
Ministry of Electronics & ITTRAICERT-InPMOCabinet Secretariat
Key Stakeholders
Internet UsersTech CompaniesStartupsCivil ServantsState GovernmentsJudiciary
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionMonday, 20 July 2026via rbi
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 816 Amount allotted (in ₹ crore) 816 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/694
Tenor 7-day Notified Amount (in ₹ crore) 1,25,000 Total amount of bids received (in ₹ crore) 72,051 Amount allotted (in ₹ crore) 72,051 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/710
DescriptionMonday, 20 July 2026via rbi
Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 816 Amount allotted (in ₹ crore) 816 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/694
On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, July 21, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 3 09:30 AM to 10:00 AM July 24, 2026 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022. Ajit Prasad &nb
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