RBI seven-day repo draws one and a half times notified amount

The Reserve Bank of India allotted Rs 1,00,014 crore in a seven-day variable rate repo on Monday at a cut-off of 5.51 percent, drawing bids of Rs 1,50,735 crore against Rs 1,00,000 crore notified.

Why it matters: An injection of this size, bid one and a half times over, while banks were still parking Rs 1,58,474 crore in the deposit facility on Friday, shows the split in near term liquidity that the RBI said it was reviewing after weeks in which its operations ran mainly in the absorbing direction.

Data as of Monday, October 19, 2026, 01:45 ET. Developing item. All figures are the Reserve Bank of India's own published press releases 2026-2027/1347 (auction result), 2026-2027/1345 (auction announcement) and 2026-2027/1346 (money market operations as on October 16, 2026), each read in full. Single publisher, the issuing central bank itself, and no independent reporting was opened in this run, hence grade C under the developing item rule. The 5.50 percent policy repo rate is this site's reporting of the October 7 increase.

The Reserve Bank of India allotted Rs 1,00,014 crore in a seven-day variable rate repo on Monday, against Rs 1,00,000 crore notified and Rs 1,50,735 crore of bids received, at a cut-off rate of 5.51 percent and a weighted average rate of 5.52 percent, its published result showed. The cut-off sits one basis point above the 5.50 percent policy repo rate set on October 7. The RBI had announced the auction on a review of current and evolving liquidity conditions in the near term, and it ran three days after its daily statement for Friday, October 16 showed banks parking Rs 1,58,474 crore in the standing deposit facility at 5.25 percent, with Rs 8,316 crore taken at the marginal standing facility at 5.75 percent the same day.

RBI seven-day repo draws one and a half times notified amount

Sources