RBI absorbs ₹50,012 crore in overnight reverse repo auction

The Reserve Bank of India accepted ₹50,012 crore in its overnight variable rate reverse repo auction on 12 November 2026. Participants offered ₹58,149 crore against an announced auction amount of ₹50,000 crore.

What the auction showed

The cut-off rate was 5.49% and the weighted-average rate was 5.47%. The cut-off is the boundary rate for accepted bids. The weighted average reflects the rates on all accepted bids, weighted by their amounts.

Why the RBI runs reverse repo auctions

A reverse repo auction lets eligible institutions place cash with the RBI for a set period. This temporarily removes cash from the banking system. In an overnight operation, that cash returns when the transaction reverses. The RBI scheduled this operation to reverse on 13 November.

The auction rate applies to this transaction. A change in the policy repo rate is announced through a separate monetary policy decision. Read the RBI liquidity guide for the difference between these tools.

Sources RBI auction result and RBI auction notice.